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STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended21 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash Flows From Operating Activities   
Net loss$ (39,655,564)$ (1,710,815)$ (43,146,242)
Common stock and options issued for services3,020,2501,017,4174,044,991
Warrant derivative expense35,667,96380,65937,204,738
Accumulated Depreciation636 636
Accrued interest24,948 24,948
Increase (decrease) in prepaid expenses (7,000)(7,000)
Increase (decrease) in trade accounts payable(16,553)34,54687,997
Increase (decrease) in accrued liabilities (10,928)(14,738)
Net Cash Used in Operating Activities(958,320)(596,121)(1,804,670)
Cash Flows From Investing Activities   
Investing in fixed assets(3,817) (3,817)
Investment in mining rights project(685,139)(105,000)(886,753)
Net Cash Provided (Used) by Investing Activities(688,956)(105,000)(890,570)
Cash Flows From Financing Activities   
Proceeds from exercise of warrants for common stock to be issued 560,0001,360,000
Proceeds from Notes Payables510,000 510,000
Purchase treasury stock (60,000)(60,000)
Proceeds from issuance of common stock 485,800894,900
Net Cash Provided (Used) by Financing Activities510,000985,8002,704,900
Net Increase (decrease) in Cash(1,137,276)284,6799,660
Cash at Beginning of Period1,146,936  
Cash at End of Period$ 9,660$ 284,679$ 9,660