5. Mineral Properties


		At March 31, 2013		At December 31, 2012

Mt. Todd, Australia	$	2,146	$	2,146
Guadalupe de los Reyes, Mexico		2,752		2,752
Los Cardones, Mexico		8,053		8,053
Long Valley, United States		750		750
	$	13,701	$	13,701

The recoverability of the carrying values of our mineral properties is dependent upon economic reserves being discovered or developed on the properties, permitting, financing, start-up, and commercial production from, or the sale or lease, of these properties. Development and/or start-up of any of these projects will depend on, among other things, management’s ability to raise additional capital for these purposes. Although we have successfully raised capital in the past, there can be no assurance that we will be able to do so in the future.

We have determined that no impairment provision is currently required. A write-down in the carrying values of one or more of our mineral properties may be required in the future as a result of events and circumstances, such as our inability to obtain all the necessary permits, changes in the legal status of our mineral properties, government actions, the results of exploration activities and technical evaluations and changes in economic conditions, including the price of gold and other commodities or input prices.