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Statements of Income - USD ($)
12 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2018
REVENUES      
Interest $ 283,015 $ 259,974 $ 92,527
Total revenues 31,990,874 47,293,765 34,495,415
EXPENSES      
Compensation of Trustees 271,449 264,278 207,520
Corporate Trustee's administrative fees 62,500 62,500 62,500
Professional fees and expenses:      
Legal 928,586 636,224 366,205
Accounting and auditing 185,109 140,938 142,214
Mining consultant and field representatives 30,574 33,468 56,100
Insurance 134,683 119,224 118,392
Annual stock exchange fee 68,000 65,255 59,967
Transfer agent's and registrar's fees 6,606 7,244 7,366
Other Trust expenses 247,615 405,590 51,726
Total Expenses 1,935,122 1,734,721 1,071,990
Net income $ 30,055,752 $ 45,559,044 $ 33,423,425
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) $ 2.291 $ 3.472 $ 2.548
Royalties From Leases [Member]      
REVENUES      
Royalty income $ 30,983,327 $ 46,430,497 $ 33,883,561
Royalties From Lease Fees [Member]      
REVENUES      
Royalty income $ 724,532 $ 603,294 $ 519,327