CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Jun. 30, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 1,308,300	$ 1,215,600
Accounts receivable - trade, net	92,400	96,800
Other receivables - related party	3,000	9,200
Note receivable, current - related party	60,000	300,000
Marketable securities	0	560,100
Prepaid expenses and other current assets	255,000	212,700
Total current assets	1,718,700	2,394,400
LAND, PROPERTY AND EQUIPMENT, NET	4,262,700	4,163,000
OTHER ASSETS
Note receivable, long-term - related party	313,000	109,000
Trust account - asset retirement obligation	58,000	48,700
Prepaid royalties, long-term	0	50,000
TOTAL ASSETS	6,352,400	6,765,100
CURRENT LIABILITIES
Accounts payable and accrued expenses	307,000	278,000
Contingent payments, current	50,000	50,000
Total current liabilities	357,000	328,000
LONG-TERM LIABILITIES
Contingent payments, long-term	1,135,400	1,138,300
Asset retirement obligation	423,700	423,700
TOTAL LIABILITIES	1,916,100	1,890,000
SHAREHOLDERS' EQUITY
Preferred Stock - no shares issued or outstanding	0	0
Class A - 75,000,000 no par shares authorized, 5,017,500 and 4,962,500 shares issued and outstanding at December 31, 2014 and June 30, 2014, respectively	109,144,100	109,106,800
Class B - 25,000,000 no par shares authorized, none outstanding	0	0
Accumulated Other Comprehensive Income	0	121,200
Accumulated Deficit	(104,707,800)	(104,352,900)
Total shareholders' equity	4,436,300	4,875,100
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 6,352,400	$ 6,765,100