CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUE        
Revenue - Hospitality $ 182,792 $ 179,071 $ 477,037 $ 299,246
COSTS AND EXPENSES        
Hospitality operating costs 200,457 219,159 543,227 319,154
Depreciation and amortization 321,395 54,837 910,408 122,119
Reclamation and exploration expenses 4,095,553 2,256,590 13,809,831 7,492,079
General and administrative 2,494,662 1,007,832 7,412,880 3,302,356
Consultants and professional fees 876,603 273,461 2,320,606 1,147,698
Total costs and expenses 7,988,670 3,811,879 24,996,952 12,383,406
LOSS FROM OPERATIONS (7,805,878) (3,632,808) (24,519,915) (12,084,160)
OTHER INCOME (EXPENSE)        
Change in fair value of derivatives (884,556) 1,661,584 (399,856) 2,878,092
Interest expense (332,286) (14,494) (430,234) (38,869)
Interest income 2,171 11,304 16,513 65,354
Other 26,370    26,370   
Total other income (expense), net (1,188,301) 1,658,394 (787,207) 2,904,577
LOSS BEFORE INCOME TAXES     (25,307,122) (9,179,583)
INCOME TAX BENEFIT        76,081
NET LOSS (8,994,179) (1,974,414) (25,307,122) (9,103,502)
DIVIDENDS ON CONVERTIBLE PREFERRED STOCK (1,092,513) (1,156,150) (3,300,788) (3,585,929)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (10,086,692) $ (3,130,564) $ (28,607,910) $ (12,689,431)
Net loss per common share - basic $ (0.24) $ (0.12) $ (0.74) $ (0.54)
Net loss per common share - diluted $ (0.24) $ (0.12) $ (0.74) $ (0.54)
Weighted average common shares outstanding - basic 41,562,121 25,306,243 38,622,647 23,400,424
Weighted average common shares outstanding - diluted 41,562,121 25,306,243 38,622,647 23,400,424