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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 13,925,601 $ 30,170,905
Marketable securities 55,002 180,415
Accounts receivable 11,589 262,516
Advance to contractors   582,009
Prepaid expenses 200,731 228,221
Total current assets 14,192,923 31,424,066
Restricted cash 30,477  
Property and equipment 67,913 89,714
Capitalized acquisition costs 55,173,564 55,173,564
Total assets 69,464,877 86,687,344
Current liabilities    
Accounts payable 42,469 1,198,771
Accrued liabilities 1,451,227 2,548,498
Total current liabilities 1,493,696 3,747,269
Non-current liabilities    
Derivative liability 14,800,000 22,400,000
Total liabilities 16,293,696 26,147,269
Shareholders' equity    
Share capital, no par value; authorized 500,000,000 shares; 98,068,638 shares issued and outstanding at December 31, 2013 and 2012 236,401,096 236,401,096
Contributed surplus 32,153,864 28,589,591
Accumulated other comprehensive income 3,021,281 4,101,968
Deficit accumulated during the exploration stage (218,405,060) (208,552,580)
Total shareholders' equity 53,171,181 60,540,075
Total liabilities and shareholders' equity $ 69,464,877 $ 86,687,344