<ARTICLE> 5
       
                                                  
<PERIOD-TYPE>                   3-MOS                   9-MOS
<FISCAL-YEAR-END>                          JUN-30-1999             JUN-30-1999
<PERIOD-END>                               MAR-31-1999             MAR-31-1999
<CASH>                                       5,158,525               5,158,525
<SECURITIES>                                 4,018,098               4,018,098
<RECEIVABLES>                                  324,119                 324,119
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<PP&E>                                       8,289,025               8,289,025
<DEPRECIATION>                             (1,324,196)             (1,329,196)
<TOTAL-ASSETS>                              17,576,349              17,576,349
<CURRENT-LIABILITIES>                          821,559                 821,559
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<COMMON>                                    54,192,149              54,192,149
<OTHER-SE>                                           0                       0
<TOTAL-LIABILITY-AND-EQUITY>                17,576,349              17,576,349
<SALES>                                              0                       0
<TOTAL-REVENUES>                               142,466                 786,993
<CGS>                                                0                       0
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<INCOME-TAX>                                         0                       0
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<NET-INCOME>                               (1,054,080)             (3,150,979)
<EPS-PRIMARY>                                   (0.06)                  (0.09)
<EPS-DILUTED>                                   (0.06)                  (0.09)