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Condensed Statements of Operations - USD ($)
12 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Jan. 31, 2016
REVENUES      
Royalties under amended lease agreements $ 33,955,703 $ 10,314,620 $ 9,297,106
Royalties under Peters Lease fee 519,327 416,788 417,311
Interest 92,527 5,126 7,091
Total revenues 34,567,557 10,736,534 9,721,508
EXPENSES      
Compensation of Trustees 207,520 188,789 188,283
Corporate Trustee's administrative fees 62,500 62,500 62,500
Professional fees and expenses:      
Legal 366,205 399,737 494,057
Accounting and auditing 142,214 151,947 146,562
Mining consultant and field representatives 56,100 27,988 28,378
Insurance 118,392 118,490 120,084
Annual stock exchange fee 59,967 53,095 45,637
Transfer agent's and registrar's fees 7,366 5,540 8,308
Other Trust expenses 51,726 115,336 68,858
Total Expenses 1,071,990 1,123,422 1,162,667
Net income $ 33,495,567 $ 9,613,112 $ 8,558,841
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING 13,120,010 13,120,010 13,120,010
Net income per unit (Note 2) (in dollars per unit) $ 2.553 $ 0.733 $ 0.652