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Debt
3 Months Ended
Mar. 31, 2012
Debt [Abstract]  
Debt
8)       Debt

At March 31, 2012, total debt in the amount of $10.2 million consists of debt on our multifamily housing project and the purchase of land near our Mt. Emmons molybdenum property.  The debt on our multifamily housing project has an interest rate of 5.50% and the land debt bears an interest rate of 6.0% per annum.

On May 5, 2011 we borrowed $10.0 million from a commercial bank against Remington Village.  At March 31, 2012, the balance due on this note is $9.8 million.  The note is collateralized by the Company's multi-family property in Gillette, Wyoming.  The note is amortized over 20 years with a balloon payment at the end of five years with an interest rate of 5.50% per annum.  Proceeds of the note were used to fund general business obligations.  When Remington is sold, the proceeds from the sale will first be applied to the retirement of the debt and the remainder applied to general corporate overhead and project development.  Therefore, the debt is included in current liabilities held for sale.

The land debt of $400,000 is due in two equal annual payments of $200,000 plus accrued interest. The next payment is due on January 2, 2013.