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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

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