$MSB
MESABI TRUST Stock $msb

$msb Overview Financials Valuation SEC Filings Company Website

2014 Q1 Form 10-K Financial Statement

#000110465914027813 Filed on April 15, 2014

Income Statement

Concept	2014 Q1	2014	2013 Q4
Revenue	$5.334M	$22.05M	$6.348M
YoY Change	6.79%	-30.15%	-46.27%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin		$610.0K
YoY Change		-1.61%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$240.0K	$988.9K	$210.0K
YoY Change	14.29%	8.88%	10.53%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net		$74.13K
YoY Change		1.75%
Pretax Income	$5.090M	$21.06M	$6.140M
YoY Change	6.26%	-31.29%	-47.16%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income	0.0%	0.0%	0.0%
Net Earnings	$5.093M	$21.06M	$6.137M
YoY Change	6.37%	-31.3%	-47.21%
Net Earnings / Revenue	95.47%	95.53%	96.67%
Basic Earnings Per Share	$0.39	$1.61
Diluted Earnings Per Share	$388.0K	$1.605M	$468.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding		13.12M shares

Balance Sheet

Concept	2014 Q1	2014	2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$7.930M	$7.930M	$7.220M
YoY Change	17.83%	17.83%	-51.87%
Cash & Equivalents	$7.720M	$7.720M	$7.220M
Short-Term Investments	$210.0K	$210.0K
Other Short-Term Assets	$50.00K	$50.00K	$90.00K
YoY Change	-16.67%	-16.67%	-18.18%
Inventory
Prepaid Expenses	$54.95K
Receivables	$60.00K	$60.00K	$2.410M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$8.043M	$8.040M	$9.720M
YoY Change	8.09%	14.86%	-43.82%
LONG-TERM ASSETS
Property, Plant & Equipment	$0.00	$0.00	$0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$510.0K	$510.0K	$390.0K
YoY Change	-20.31%	-20.31%	-39.06%
Other Assets
YoY Change
Total Long-Term Assets	$510.6K	$510.0K	$390.0K
YoY Change	148.99%	-21.54%	-3.46%
TOTAL ASSETS
Total Short-Term Assets	$8.043M	$8.040M	$9.720M
Total Long-Term Assets	$510.6K	$510.0K	$390.0K
Total Assets	$8.554M	$8.550M	$10.11M
YoY Change	11.87%	11.76%	-42.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$90.00K	$90.00K	$50.00K
YoY Change	200.0%	200.0%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$7.570M	$7.570M	$6.740M
YoY Change	17.18%	17.18%	-54.7%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.570M	$7.570M	$6.740M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$7.570M	$7.570M	$6.740M
YoY Change	17.11%	17.18%	-54.71%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$980.0K	$980.0K	$3.370M
YoY Change
Total Liabilities & Shareholders Equity	$8.554M	$8.550M	$10.11M
YoY Change	11.87%	11.76%	-42.89%

Cashflow Statement

Concept	2014 Q1	2014	2013 Q4
OPERATING ACTIVITIES
Net Income	$5.093M	$21.06M	$6.137M
YoY Change	6.37%	-31.3%	-47.21%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	$7.520M	$21.27M	$6.890M
YoY Change	14.81%	-30.69%	-52.94%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$330.0K	-$70.00K	$160.0K
YoY Change		-58.82%	-260.0%
Cash From Investing Activities	-$330.0K	-$70.00K	$160.0K
YoY Change		-58.82%	-260.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-6.690M	-20.20M	-6.030M
YoY Change	-54.89%	-40.68%	-28.21%
NET CHANGE
Cash From Operating Activities	7.520M	21.27M	6.890M
Cash From Investing Activities	-330.0K	-70.00K	160.0K
Cash From Financing Activities	-6.690M	-20.20M	-6.030M
Net Change In Cash	500.0K	1.000M	1.020M
YoY Change	-106.04%	-128.33%	-83.39%
FREE CASH FLOW
Cash From Operating Activities	$7.520M	$21.27M	$6.890M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2013Q1	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	6727461	USD
CY2014Q1	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	7719963	USD
CY2014Q1	msb	Recognized Revenue Sold Quantity Subject To Price Determination RecognizedRevenueSoldQuantitySubjectToPriceDetermination	369600
CY2014	msb	Percentage Of Fee Interest Held By Land Trust In Lease Property PercentageOfFeeInterestHeldByLandTrustInLeaseProperty	0.20	pure
CY2014Q1	msb	Cash And Cash Equivalents And Us Government Securities CashAndCashEquivalentsAndUSGovernmentSecurities	8435591	USD
CY2013Q1	msb	Cash And Cash Equivalents And Us Government Securities CashAndCashEquivalentsAndUSGovernmentSecurities	7373331	USD
CY2014Q1	us-gaap	Interest And Dividends Payable Current InterestAndDividendsPayableCurrent	7478406	USD
CY2013Q1	us-gaap	Interest And Dividends Payable Current InterestAndDividendsPayableCurrent	6428805	USD
CY2014Q1	msb	Unallocated Cash And Cash Equivalents And Us Government Securities UnallocatedCashAndCashEquivalentsAndUSGovernmentSecurities	957185	USD
CY2013Q1	msb	Unallocated Cash And Cash Equivalents And Us Government Securities UnallocatedCashAndCashEquivalentsAndUSGovernmentSecurities	944526	USD
CY2013Q1	msb	Unallocated Reserve UnallocatedReserve	1182222	USD
CY2014Q1	msb	Unallocated Reserve UnallocatedReserve	984094	USD
CY2014	msb	Distributions Paid And Declared DistributionsPaidAndDeclared	21254417	USD
CY2014	msb	Distribution Declared Distributions Paid DistributionDeclaredDistributionsPaid	20204816	USD
CY2013	msb	Distribution Declared Distributions Paid DistributionDeclaredDistributionsPaid	34046426	USD
CY2012	msb	Distribution Declared Distributions Paid DistributionDeclaredDistributionsPaid	31750424	USD
CY2014	msb	Distribution Declared Distributions Paid Per Unit DistributionDeclaredDistributionsPaidPerUnit	1.540
CY2013	msb	Distribution Declared Distributions Paid Per Unit DistributionDeclaredDistributionsPaidPerUnit	2.595
CY2012	msb	Distribution Declared Distributions Paid Per Unit DistributionDeclaredDistributionsPaidPerUnit	2.42
CY2014	msb	Distributions Declared Per Unit Of Beneficial Interest DistributionsDeclaredPerUnitOfBeneficialInterest	0.57
CY2012Q2	us-gaap	Net Income Loss NetIncomeLoss	3369892	USD
CY2012Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.257
CY2012Q3	us-gaap	Revenues Revenues	11060224	USD
CY2012Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.829
CY2012Q4	us-gaap	Revenues Revenues	11814420	USD
CY2012Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	190394	USD
CY2012Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	323554	USD
CY2012Q2	us-gaap	Revenues Revenues	3693446	USD
CY2012Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	186938	USD
CY2012Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.886
CY2013Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.364
CY2013Q1	us-gaap	Revenues Revenues	4994855	USD
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	4787533	USD
CY2013Q2	us-gaap	Revenues Revenues	2528807	USD
CY2013Q2	us-gaap	Net Income Loss NetIncomeLoss	2202389	USD
CY2013Q3	us-gaap	Revenues Revenues	7834715	USD
CY2013Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	209935	USD
CY2013Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.581
CY2013Q4	us-gaap	Revenues Revenues	6347628	USD
CY2013Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	211113	USD
CY2013Q4	us-gaap	Net Income Loss NetIncomeLoss	6136515	USD
CY2014Q1	us-gaap	Revenues Revenues	5334003	USD
CY2014Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	241398	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	5092605	USD
CY2014Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.388
CY2014	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Concentration of Credit Risk</font></i></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Financial instruments which potentially subject the Trust to concentrations of credit risk consist primarily of cash that is maintained at an FDIC insured financial institution. At times during a fiscal year the Trust’s cash balance may exceed insured limits.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">As further described in Note 1, Northshore is the lessee/operator of the Mesabi Trust Lands.  All royalty income earned by the Trust is received from Northshore, and accordingly, substantially all of the accrued income receivable is also due from Northshore.</font></p> </div>
CY2014	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Accounting Estimates</font></i></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires the Trustees to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.  Specifically, the accrued income receivable, deferred royalty revenue and related royalty revenue are significant estimates which are subject to change in the near term, and changes to these estimates could have a material effect on the Trust’s financial statements.</font></p> </div>
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7719963	USD
CY2014Q1	us-gaap	Us Government Securities At Carrying Value USGovernmentSecuritiesAtCarryingValue	205055	USD
CY2014Q1	msb	Accrued Income Receivable AccruedIncomeReceivable	63253	USD
CY2014Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	54950	USD
CY2014Q1	us-gaap	Assets Current AssetsCurrent	8043221	USD
CY2013Q1	us-gaap	Us Government Securities At Carrying Value USGovernmentSecuritiesAtCarryingValue	438815	USD
CY2013Q1	msb	Accrued Income Receivable AccruedIncomeReceivable	218053	USD
CY2013Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	56573	USD
CY2013Q1	us-gaap	Assets Current AssetsCurrent	7440902	USD
CY2014Q1	msb	Us Government Securities At Carrying Value Noncurrent USGovernmentSecuritiesAtCarryingValueNoncurrent	510573	USD
CY2013Q1	msb	Us Government Securities At Carrying Value Noncurrent USGovernmentSecuritiesAtCarryingValueNoncurrent	205055	USD
CY2014Q1	msb	Amended Assignments Of Lease Property AmendedAssignmentsOfLeaseProperty	1	USD
CY2014Q1	msb	Assignments Of Leased Property AssignmentsOfLeasedProperty	1	USD
CY2013	msb	Compensation Of Trustees CompensationOfTrustees	248624	USD
CY2012	msb	Compensation Of Trustees CompensationOfTrustees	243048	USD
CY2014	us-gaap	Trustee Fees TrusteeFees	62500	USD
CY2013	us-gaap	Trustee Fees TrusteeFees	62500	USD
CY2014Q1	msb	Certificate Of Beneficial Interest Land Trust CertificateOfBeneficialInterestLandTrust	1	USD
CY2013Q1	msb	Amended Assignments Of Lease Property AmendedAssignmentsOfLeaseProperty	1	USD
CY2013Q1	msb	Assignments Of Leased Property AssignmentsOfLeasedProperty	1	USD
CY2013Q1	msb	Certificate Of Beneficial Interest Land Trust CertificateOfBeneficialInterestLandTrust	1	USD
CY2014Q1	msb	Fixed Property Including Intangible FixedPropertyIncludingIntangible	3	USD
CY2013Q1	msb	Fixed Property Including Intangible FixedPropertyIncludingIntangible	3	USD
CY2014Q1	us-gaap	Assets Assets	8553797	USD
CY2013Q1	us-gaap	Assets Assets	7645960	USD
CY2014Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	91294	USD
CY2013Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	34930	USD
CY2014Q1	us-gaap	Liabilities Liabilities	7569700	USD
CY2013Q1	us-gaap	Liabilities Liabilities	6463735	USD
CY2014Q1	us-gaap	Capital Units CapitalUnits	3	USD
CY2013Q1	us-gaap	Capital Units CapitalUnits	3	USD
CY2014Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	8553797	USD
CY2013Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7645960	USD
CY2014Q1	msb	Certificate Of Beneficial Interest Units CertificateOfBeneficialInterestUnits	13120010	shares
CY2013Q1	msb	Certificate Of Beneficial Interest Units CertificateOfBeneficialInterestUnits	13120010	shares
CY2013	msb	Royalties Under Amended Lease Agreements RoyaltiesUnderAmendedLeaseAgreements	30767335	USD
CY2012	msb	Royalties Under Amended Lease Agreements RoyaltiesUnderAmendedLeaseAgreements	33467153	USD
CY2014	msb	Royalties Under Amended Lease Agreements RoyaltiesUnderAmendedLeaseAgreements	21497563	USD
CY2014	msb	Royalties Under Peters Lease Fee RoyaltiesUnderPetersLeaseFee	545028	USD
CY2013	msb	Royalties Under Peters Lease Fee RoyaltiesUnderPetersLeaseFee	794146	USD
CY2012	msb	Royalties Under Peters Lease Fee RoyaltiesUnderPetersLeaseFee	687029	USD
CY2014	us-gaap	Investment Income Interest InvestmentIncomeInterest	2562	USD
CY2013	us-gaap	Investment Income Interest InvestmentIncomeInterest	1464	USD
CY2012	us-gaap	Investment Income Interest InvestmentIncomeInterest	4144	USD
CY2014	us-gaap	Revenues Revenues	22045153	USD
CY2013	us-gaap	Revenues Revenues	31562945	USD
CY2012	us-gaap	Revenues Revenues	34158326	USD
CY2014	msb	Compensation Of Trustees CompensationOfTrustees	213373	USD
CY2012	us-gaap	Trustee Fees TrusteeFees	62500	USD
CY2014	us-gaap	Legal Fees LegalFees	306564	USD
CY2013	us-gaap	Legal Fees LegalFees	214629	USD
CY2012	us-gaap	Legal Fees LegalFees	272931	USD
CY2014	msb	Accounting Expense AccountingExpense	106699	USD
CY2013	msb	Accounting Expense AccountingExpense	116563	USD
CY2012	msb	Accounting Expense AccountingExpense	127320	USD
CY2014	msb	Mining Consultant And Field Representatives Expense MiningConsultantAndFieldRepresentativesExpense	53680	USD
CY2013	msb	Mining Consultant And Field Representatives Expense MiningConsultantAndFieldRepresentativesExpense	25368	USD
CY2012	msb	Mining Consultant And Field Representatives Expense MiningConsultantAndFieldRepresentativesExpense	24953	USD
CY2014	msb	Directors And Officers Liability Insurance Expense DirectorsAndOfficersLiabilityInsuranceExpense	121724	USD
CY2013	msb	Directors And Officers Liability Insurance Expense DirectorsAndOfficersLiabilityInsuranceExpense	120843	USD
CY2012	msb	Directors And Officers Liability Insurance Expense DirectorsAndOfficersLiabilityInsuranceExpense	113955	USD
CY2014	msb	Annual Stock Exchange Fee AnnualStockExchangeFee	42115	USD
CY2013	msb	Annual Stock Exchange Fee AnnualStockExchangeFee	38444	USD
CY2012	msb	Annual Stock Exchange Fee AnnualStockExchangeFee	38000	USD
CY2014	msb	Transfer Agent And Registrar Fees TransferAgentAndRegistrarFees	8081	USD
CY2013	msb	Transfer Agent And Registrar Fees TransferAgentAndRegistrarFees	8381	USD
CY2012	msb	Transfer Agent And Registrar Fees TransferAgentAndRegistrarFees	6597	USD
CY2014	us-gaap	Other Expenses OtherExpenses	74128	USD
CY2013	us-gaap	Other Expenses OtherExpenses	72856	USD
CY2013	msb	Payments Of Distributions To Unitholders PaymentsOfDistributionsToUnitholders	34046426	USD
CY2012Q1	msb	Distribution Declared Per Unit DistributionDeclaredPerUnit	0.76
CY2012	us-gaap	Proceeds From Royalties Received ProceedsFromRoyaltiesReceived	33997720	USD
CY2012	us-gaap	Other Expenses OtherExpenses	31690	USD
CY2014	us-gaap	Operating Expenses OperatingExpenses	988864	USD
CY2013	us-gaap	Operating Expenses OperatingExpenses	908208	USD
CY2012	us-gaap	Operating Expenses OperatingExpenses	920994	USD
CY2013	us-gaap	Net Income Loss NetIncomeLoss	30654737	USD
CY2012	us-gaap	Net Income Loss NetIncomeLoss	33237332	USD
CY2014	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13120010	shares
CY2013	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13120010	shares
CY2012	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13120010	shares
CY2014	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.605
CY2013	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.336
CY2012	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.533
CY2014	us-gaap	Proceeds From Royalties Received ProceedsFromRoyaltiesReceived	22197875	USD
CY2014	msb	Interest Received Government Securities InterestReceivedGovernmentSecurities	2078	USD
CY2014	us-gaap	Payments For Operating Activities PaymentsForOperatingActivities	930877	USD
CY2014	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	21269076	USD
CY2013	us-gaap	Proceeds From Royalties Received ProceedsFromRoyaltiesReceived	31731348	USD
CY2013	msb	Interest Received Government Securities InterestReceivedGovernmentSecurities	1524	USD
CY2013	us-gaap	Payments For Operating Activities PaymentsForOperatingActivities	1042405	USD
CY2013	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	30690467	USD
CY2012	msb	Interest Received Government Securities InterestReceivedGovernmentSecurities	5412	USD
CY2012	us-gaap	Payments For Operating Activities PaymentsForOperatingActivities	887998	USD
CY2012	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	33115134	USD
CY2014	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	438875	USD
CY2014	msb	Payments Of Distributions To Unitholders PaymentsOfDistributionsToUnitholders	20204816	USD
CY2014Q1	msb	Distribution Declared Per Unit DistributionDeclaredPerUnit	0.57
CY2013	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	35000	USD
CY2014	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	992502	USD
CY2013Q1	msb	Distribution Declared Per Unit DistributionDeclaredPerUnit	0.49
CY2012	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	767400	USD
CY2014	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-71758	USD
CY2013	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-170054	USD
CY2012	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	195073	USD
CY2013	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-3526013	USD
CY2012	msb	Payments Of Distributions To Unitholders PaymentsOfDistributionsToUnitholders	31750424	USD
CY2012	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	1559783	USD
CY2014	us-gaap	Increase Decrease In Accrued Investment Income Receivable IncreaseDecreaseInAccruedInvestmentIncomeReceivable	-154800	USD
CY2014	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-1623	USD
CY2014	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	56364	USD
CY2013	us-gaap	Increase Decrease In Accrued Investment Income Receivable IncreaseDecreaseInAccruedInvestmentIncomeReceivable	-169927	USD
CY2013	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	2806	USD
CY2013	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-131391	USD
CY2012	us-gaap	Increase Decrease In Accrued Investment Income Receivable IncreaseDecreaseInAccruedInvestmentIncomeReceivable	155194	USD
CY2012	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	3560	USD
CY2012	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	36556	USD
CY2014	msb	Distributions Declared DistributionsDeclared	7478406	USD
CY2013	msb	Distributions Declared DistributionsDeclared	6428805	USD
CY2012	msb	Distributions Declared DistributionsDeclared	9971208	USD
CY2011Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8693691	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10253474	USD
CY2011Q3	msb	Distribution Paid Per Unit DistributionPaidPerUnit	0.05
CY2011Q4	msb	Distribution Paid Per Unit DistributionPaidPerUnit	0.60
CY2012Q1	msb	Distribution Paid Per Unit DistributionPaidPerUnit	1.12
CY2012Q3	msb	Distribution Paid Per Unit DistributionPaidPerUnit	0.065
CY2012Q4	msb	Distribution Paid Per Unit DistributionPaidPerUnit	0.64
CY2013Q1	msb	Distribution Paid Per Unit DistributionPaidPerUnit	1.13
CY2013Q3	msb	Distribution Paid Per Unit DistributionPaidPerUnit	0.08
CY2013Q4	msb	Distribution Paid Per Unit DistributionPaidPerUnit	0.46
CY2014Q1	msb	Distribution Paid Per Unit DistributionPaidPerUnit	0.51
CY2014	dei	Entity Registrant Name EntityRegistrantName	MESABI TRUST
CY2014	dei	Entity Central Index Key EntityCentralIndexKey	0000065172
CY2014	dei	Document Type DocumentType	10-K
CY2014	dei	Document Period End Date DocumentPeriodEndDate	2014-01-31
CY2014	dei	Amendment Flag AmendmentFlag	false
CY2014	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--01-31
CY2014	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2014	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2014	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2014	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2013Q3	dei	Entity Public Float EntityPublicFloat	237340981	USD
CY2014Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	13120010	shares
CY2014	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
CY2014	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2014	msb	Period Of Termination After Death Of Last Survivor PeriodOfTerminationAfterDeathOfLastSurvivor	P21Y
CY2014	msb	Number Of Persons Named In Exhibit To Agreement Of Trust NumberOfPersonsNamedInExhibitToAgreementOfTrust	25	item
CY2014	msb	Trust Agreement Age Of Youngest Survivor TrustAgreementAgeOfYoungestSurvivor	P53Y
CY2014	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	510633	USD
CY2013	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	205054	USD
CY2012	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	572327	USD

Files In Submission

Name	View Source	Status
0001104659-14-027813-index-headers.html	Edgar Link	pending
0001104659-14-027813-index.html	Edgar Link	pending
0001104659-14-027813.txt	Edgar Link	pending
0001104659-14-027813-xbrl.zip	Edgar Link	pending
a14-2885_110k.htm	Edgar Link	pending
a14-2885_1ex10dh.htm	Edgar Link	pending
a14-2885_1ex13.htm	Edgar Link	pending
a14-2885_1ex31.htm	Edgar Link	pending
a14-2885_1ex32.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
g28851ky05i001.jpg	Edgar Link	pending
g28851ky05i002.jpg	Edgar Link	pending
g28851ky07i001.jpg	Edgar Link	pending
g28851ky07i002.jpg	Edgar Link	pending
msb-20140131.xml	Edgar Link	completed
msb-20140131.xsd	Edgar Link	pending
msb-20140131_cal.xml	Edgar Link	unprocessable
msb-20140131_def.xml	Edgar Link	unprocessable
msb-20140131_lab.xml	Edgar Link	unprocessable
msb-20140131_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MSB
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2014 Q1 Form 10-K Financial Statement

#000110465914027813 Filed on April 15, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MSB MESABI TRUST Stock $msb

2014 Q1 Form 10-K Financial Statement

#000110465914027813 Filed on April 15, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MSB
MESABI TRUST Stock $msb