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Statements of Income - USD ($)
12 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2019
REVENUES      
Interest $ 35,489 $ 283,015 $ 259,974
Total revenues 25,950,567 31,990,874 47,293,765
EXPENSES      
Compensation of Trustees 215,368 271,449 264,278
Corporate Trustee's administrative fees 62,500 62,500 62,500
Professional fees and expenses:      
Legal 1,456,399 928,586 636,224
Accounting and auditing 165,828 185,109 140,938
Mining consultant and field representatives 41,129 30,574 33,468
Insurance 181,041 134,683 119,224
Annual stock exchange fee 71,255 68,000 65,255
Transfer agent's and registrar's fees 6,578 6,606 7,244
Other Trust expenses 342,822 247,615 405,590
Total Expenses 2,542,920 1,935,122 1,734,721
Net income $ 23,407,647 $ 30,055,752 $ 45,559,044
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) $ 1.784 $ 2.291 $ 3.472
Distribution declared per unit (Note 3) (in dollars per unit) $ 1.67 $ 3.36 $ 2.79
Royalties From Leases [Member]      
REVENUES      
Royalty income $ 25,416,522 $ 30,983,327 $ 46,430,497
Royalties From Lease Fees [Member]      
REVENUES      
Royalty income $ 498,556 $ 724,532 $ 603,294