XML 18 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Statements of Income - USD ($)
3 Months Ended 12 Months Ended
Jan. 31, 2019
Oct. 31, 2018
Jul. 31, 2018
Apr. 30, 2018
Jan. 31, 2018
Oct. 31, 2017
Jul. 31, 2017
Apr. 30, 2017
Jan. 31, 2019
Jan. 31, 2018
Jan. 31, 2017
REVENUES                      
Royalties under amended lease agreements                 $ 46,430,497 $ 33,883,561 $ 10,465,279
Royalties under Peters Lease fee                 603,294 519,327 416,788
Interest                 259,974 92,527 5,126
Total revenues $ 7,483,923 $ 13,973,843 $ 19,151,952 $ 6,684,047 $ 4,565,998 $ 10,924,999 $ 14,237,447 $ 4,766,971 47,293,765 34,495,415 10,887,193
EXPENSES                      
Compensation of Trustees                 264,278 207,520 188,789
Corporate Trustee's administrative fees                 62,500 62,500 62,500
Professional fees and expenses:                      
Legal                 636,224 366,205 399,737
Accounting and auditing                 140,938 142,214 151,947
Mining consultant and field representatives                 33,468 56,100 27,988
Insurance                 119,224 118,392 118,490
Annual stock exchange fee                 65,255 59,967 53,095
Transfer agent's and registrar's fees                 7,244 7,366 5,540
Other Trust expenses                 405,590 51,726 115,336
Total Expenses 697,244 388,781 280,497 368,199 309,121 227,330 240,493 295,046 1,734,721 1,071,990 1,123,422
Net income $ 6,786,679 $ 13,585,062 $ 18,871,455 $ 6,315,848 $ 4,256,877 $ 10,697,669 $ 13,996,954 $ 4,471,925 $ 45,559,044 $ 33,423,425 $ 9,763,771
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) $ 0.517 $ 1.035 $ 1.438 $ 0.481 $ 0.324 $ 0.815 $ 1.067 $ 0.341 $ 3.472 $ 2.548 $ 0.744