$MSB
MESABI TRUST Stock $msb

$msb Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-K Financial Statement

#000155837022006127 Filed on April 27, 2022

Income Statement

Concept	2022 Q1	2022	2021 Q4
Revenue	$17.95M	$71.46M	$16.36M
YoY Change	65.85%	175.37%	185.12%
Cost Of Revenue	$511.8K	$2.694M	$365.3K
YoY Change	-38.53%	5.94%	-40.2%
Gross Profit	$17.44M	$68.77M	$15.99M
YoY Change	74.54%	193.77%	211.97%
Gross Profit Margin	97.15%	96.23%	97.77%
Selling, General & Admin		$912.2K
YoY Change		23.27%
% of Gross Profit		1.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$511.8K	$965.6K	$365.3K
YoY Change	-38.34%	-10.59%	-40.11%
Operating Profit	$16.93M	$67.80M	$15.63M
YoY Change	84.76%	203.66%	246.02%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net		$53.43K
YoY Change		-84.42%
Pretax Income	$17.44M	$68.77M	$15.99M
YoY Change	74.6%	193.75%	211.75%
Income Tax
% Of Pretax Income
Net Earnings	$17.44M	$68.77M	$15.99M
YoY Change	74.54%	193.77%	211.97%
Net Earnings / Revenue	97.15%	96.23%	97.77%
Basic Earnings Per Share	$1.33	$5.24	$1.22
Diluted Earnings Per Share	$1.329M	$5.241M	$1.219M
COMMON SHARES
Basic Shares Outstanding		13.12M	13.12M
Diluted Shares Outstanding

Balance Sheet

Concept	2022 Q1	2022	2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$47.73M	$47.73M	$45.86M
YoY Change	112.97%	112.97%	197.79%
Cash & Equivalents	$47.73M	$47.73M	$45.86M
Short-Term Investments	$0.00	$0.00	$0.00
Other Short-Term Assets	$122.6K	$122.6K	$202.5K
YoY Change	36.17%	36.17%	26.58%
Inventory
Prepaid Expenses	$122.5K		$202.5K
Receivables	$4.632M	$6.063M	$8.491M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$53.91M	$53.91M	$55.10M
YoY Change	135.13%	135.12%	215.24%
LONG-TERM ASSETS
Property, Plant & Equipment	$0.00	$0.00	$0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$3.00	$0.00	$3.00
YoY Change	0.0%		0.0%
TOTAL ASSETS
Total Short-Term Assets	$53.91M	$53.91M	$55.10M
Total Long-Term Assets	$3.00	$0.00	$3.00
Total Assets	$53.91M	$53.91M	$55.10M
YoY Change	135.13%	135.12%	215.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$158.4K	$158.4K	$162.7K
YoY Change	-62.28%	-62.28%	-32.21%
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	$23.12M	$23.12M	$18.79M
YoY Change	258.43%	258.43%	278.89%
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	$23.12M	$23.12M	$18.79M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$23.12M	$23.12M	$18.79M
YoY Change	258.32%	258.43%	278.74%
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	$30.79M	$30.79M	$36.31M
YoY Change
Total Liabilities & Shareholders Equity	$53.91M	$53.91M	$55.10M
YoY Change	135.13%	135.12%	215.24%

Cashflow Statement

Concept	2022 Q1	2022	2021 Q4
OPERATING ACTIVITIES
Net Income	$17.44M	$68.77M	$15.99M
YoY Change	74.54%	193.77%	211.97%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	$20.50M	$62.84M	$18.73M
YoY Change	74.75%	202.02%	243.05%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$0.00	$9.907M	$0.00
YoY Change	-100.0%	188.82%	-100.0%
Cash From Investing Activities	$0.00	$9.907M	$0.00
YoY Change	-100.0%	189.18%	-100.0%
FINANCING ACTIVITIES
Cash Dividend Paid		$37.52M
YoY Change		71.26%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-18.63M	-37.52M	-1.181M
YoY Change	294.71%	71.26%	78.91%
NET CHANGE
Cash From Operating Activities	20.50M	62.84M	18.73M
Cash From Investing Activities	0.000	9.907M	0.000
Cash From Financing Activities	-18.63M	-37.52M	-1.181M
Net Change In Cash	1.868M	35.23M	17.55M
YoY Change	-70.82%	1416.24%	210.62%
FREE CASH FLOW
Cash From Operating Activities	$20.50M	$62.84M	$18.73M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0000065172
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-01-31
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--01-31
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity File Number EntityFileNumber	1-4488
CY2022	dei	Entity Registrant Name EntityRegistrantName	MESABI TRUST
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NY
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	13-6022277
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	1 Columbus Circle, 17th Floor
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	Mail Stop: NYC01-1710
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	New York
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	10019
CY2022	dei	City Area Code CityAreaCode	904
CY2022	dei	Local Phone Number LocalPhoneNumber	271-2520
CY2022	dei	Security12b Title Security12bTitle	Units of Beneficial Interest in Mesabi Trust
CY2022	dei	Trading Symbol TradingSymbol	MSB
CY2022	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	true
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022	dei	Entity Shell Company EntityShellCompany	false
CY2021Q3	dei	Entity Public Float EntityPublicFloat	455700680
CY2022Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	13120010
CY2022	msb	Period Of Termination After Death Of Last Survivor PeriodOfTerminationAfterDeathOfLastSurvivor	P21Y
CY2022	msb	Trust Agreement Age Of Youngest Survivor TrustAgreementAgeOfYoungestSurvivor	P54Y
CY2022	dei	Auditor Firm AuditorFirmId	23
CY2022	dei	Auditor Name AuditorName	Baker Tilly US, LLP
CY2022	dei	Auditor Location AuditorLocation	Minneapolis, Minnesota
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	47727522
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	12500941
CY2021Q1	us-gaap	Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLossCurrent	9906669
CY2022Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4631510
CY2021Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	249477
CY2022Q1	msb	Contract With Customer Assets Net Of Contract Liability Current ContractWithCustomerAssetsNetOfContractLiabilityCurrent	1431633
CY2021Q1	msb	Contract With Customer Assets Net Of Contract Liability Current ContractWithCustomerAssetsNetOfContractLiabilityCurrent	177251
CY2022Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	122545
CY2021Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	94585
CY2022Q1	us-gaap	Assets Current AssetsCurrent	53913210
CY2021Q1	us-gaap	Assets Current AssetsCurrent	22928923
CY2022Q1	msb	Amended Assignments Of Lease Property AmendedAssignmentsOfLeaseProperty	1
CY2021Q1	msb	Amended Assignments Of Lease Property AmendedAssignmentsOfLeaseProperty	1
CY2022Q1	msb	Assignments Of Leased Property AssignmentsOfLeasedProperty	1
CY2021Q1	msb	Assignments Of Leased Property AssignmentsOfLeasedProperty	1
CY2021Q1	us-gaap	Shares Outstanding SharesOutstanding	13120010
CY2022Q1	us-gaap	Shares Outstanding SharesOutstanding	13120010
CY2022Q1	msb	Certificate Of Beneficial Interest Land Trust CertificateOfBeneficialInterestLandTrust	1
CY2021Q1	msb	Certificate Of Beneficial Interest Land Trust CertificateOfBeneficialInterestLandTrust	1
CY2022Q1	msb	Fixed Property Including Intangible FixedPropertyIncludingIntangible	3
CY2021Q1	msb	Fixed Property Including Intangible FixedPropertyIncludingIntangible	3
CY2022Q1	us-gaap	Assets Assets	53913213
CY2021Q1	us-gaap	Assets Assets	22928926
CY2022Q1	us-gaap	Interest And Dividends Payable Current InterestAndDividendsPayableCurrent	22960018
CY2021Q1	us-gaap	Interest And Dividends Payable Current InterestAndDividendsPayableCurrent	6035205
CY2022Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	158443
CY2021Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	416672
CY2022Q1	us-gaap	Liabilities Liabilities	23118461
CY2021Q1	us-gaap	Liabilities Liabilities	6451877
CY2022Q1	msb	Unallocated Reserve UnallocatedReserve	30794749
CY2021Q1	msb	Unallocated Reserve UnallocatedReserve	16477046
CY2022Q1	us-gaap	Capital Units CapitalUnits	3
CY2021Q1	us-gaap	Capital Units CapitalUnits	3
CY2022Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	53913213
CY2021Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	22928926
CY2022	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	523365
CY2021	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	35489
CY2020	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	283015
CY2022	us-gaap	Revenues Revenues	71459790
CY2021	us-gaap	Revenues Revenues	25950567
CY2020	us-gaap	Revenues Revenues	31990874
CY2022	msb	Compensation Of Trustees CompensationOfTrustees	291187
CY2021	msb	Compensation Of Trustees CompensationOfTrustees	215368
CY2020	msb	Compensation Of Trustees CompensationOfTrustees	271449
CY2022	us-gaap	Trustee Fees TrusteeFees	62500
CY2021	us-gaap	Trustee Fees TrusteeFees	62500
CY2020	us-gaap	Trustee Fees TrusteeFees	62500
CY2022	us-gaap	Legal Fees LegalFees	1728417
CY2021	us-gaap	Legal Fees LegalFees	1456399
CY2020	us-gaap	Legal Fees LegalFees	928586
CY2022	msb	Accounting Expense AccountingExpense	198089
CY2021	msb	Accounting Expense AccountingExpense	165828
CY2020	msb	Accounting Expense AccountingExpense	185109
CY2022	msb	Mining Consultant And Field Representatives Expense MiningConsultantAndFieldRepresentativesExpense	42120
CY2021	msb	Mining Consultant And Field Representatives Expense MiningConsultantAndFieldRepresentativesExpense	41129
CY2020	msb	Mining Consultant And Field Representatives Expense MiningConsultantAndFieldRepresentativesExpense	30574
CY2022	msb	Directors And Officers Liability Insurance Expense DirectorsAndOfficersLiabilityInsuranceExpense	241491
CY2021	msb	Directors And Officers Liability Insurance Expense DirectorsAndOfficersLiabilityInsuranceExpense	181041
CY2020	msb	Directors And Officers Liability Insurance Expense DirectorsAndOfficersLiabilityInsuranceExpense	134683
CY2022	msb	Annual Stock Exchange Fee AnnualStockExchangeFee	71255
CY2021	msb	Annual Stock Exchange Fee AnnualStockExchangeFee	71255
CY2020	msb	Annual Stock Exchange Fee AnnualStockExchangeFee	68000
CY2022	msb	Transfer Agent And Registrar Fees TransferAgentAndRegistrarFees	5561
CY2021	msb	Transfer Agent And Registrar Fees TransferAgentAndRegistrarFees	6578
CY2020	msb	Transfer Agent And Registrar Fees TransferAgentAndRegistrarFees	6606
CY2022	us-gaap	Other Expenses OtherExpenses	53425
CY2021	us-gaap	Other Expenses OtherExpenses	342822
CY2020	us-gaap	Other Expenses OtherExpenses	247615
CY2022	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2694045
CY2021	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2542920
CY2020	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1935122
CY2022	us-gaap	Net Income Loss NetIncomeLoss	68765745
CY2021	us-gaap	Net Income Loss NetIncomeLoss	23407647
CY2020	us-gaap	Net Income Loss NetIncomeLoss	30055752
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13120010
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13120010
CY2020	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13120010
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	5.241
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.784
CY2020	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.291
CY2020	msb	First Quarterly Distribution Paid Per Unit FirstQuarterlyDistributionPaidPerUnit	0.89
CY2020	msb	Second Quarterly Distribution Paid Per Unit SecondQuarterlyDistributionPaidPerUnit	0.21
CY2020	msb	Third Quarterly Distribution Paid Per Unit ThirdQuarterlyDistributionPaidPerUnit	0.87
CY2020	msb	Fourth Quarterly Distribution Declared Or Paid Per Unit FourthQuarterlyDistributionDeclaredOrPaidPerUnit	0.70
CY2021	msb	Second Quarterly Distribution Paid Per Unit SecondQuarterlyDistributionPaidPerUnit	0.05
CY2021	msb	Third Quarterly Distribution Paid Per Unit ThirdQuarterlyDistributionPaidPerUnit	0.36
CY2021	msb	Fourth Quarterly Distribution Declared Or Paid Per Unit FourthQuarterlyDistributionDeclaredOrPaidPerUnit	0.46
CY2022	msb	First Quarterly Distribution Paid Per Unit FirstQuarterlyDistributionPaidPerUnit	0.89
CY2022	msb	Second Quarterly Distribution Paid Per Unit SecondQuarterlyDistributionPaidPerUnit	0.09
CY2022	msb	Third Quarterly Distribution Paid Per Unit ThirdQuarterlyDistributionPaidPerUnit	1.42
CY2022	msb	Fourth Quarterly Distribution Declared Or Paid Per Unit FourthQuarterlyDistributionDeclaredOrPaidPerUnit	1.75
CY2022	us-gaap	Proceeds From Royalties Received ProceedsFromRoyaltiesReceived	65299968
CY2021	us-gaap	Proceeds From Royalties Received ProceedsFromRoyaltiesReceived	23042360
CY2020	us-gaap	Proceeds From Royalties Received ProceedsFromRoyaltiesReceived	36531459
CY2022	us-gaap	Proceeds From Interest Received ProceedsFromInterestReceived	523407
CY2021	us-gaap	Proceeds From Interest Received ProceedsFromInterestReceived	39347
CY2020	us-gaap	Proceeds From Interest Received ProceedsFromInterestReceived	296964
CY2022	us-gaap	Payments For Operating Activities PaymentsForOperatingActivities	2980234
CY2021	us-gaap	Payments For Operating Activities PaymentsForOperatingActivities	2273809
CY2020	us-gaap	Payments For Operating Activities PaymentsForOperatingActivities	2239182
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	62843141
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	20807898
CY2020	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	34589241
CY2022	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	50942392
CY2021	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	90367702
CY2020	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	90434386
CY2021	us-gaap	Proceeds From Sale Of Held To Maturity Securities ProceedsFromSaleOfHeldToMaturitySecurities	236992
CY2022	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	41035723
CY2021	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	87178889
CY2020	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	71644548
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	9906669
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	3425805
CY2020	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	18789838
CY2022	us-gaap	Payments Of Dividends PaymentsOfDividends	37523229
CY2021	us-gaap	Payments Of Dividends PaymentsOfDividends	21910417
CY2020	us-gaap	Payments Of Dividends PaymentsOfDividends	44083234
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	35226581
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	2323286
CY2020	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	9295845
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	12500941
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10177655
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	881810
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	47727522
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	12500941
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10177655
CY2022	us-gaap	Profit Loss ProfitLoss	68765745
CY2021	us-gaap	Profit Loss ProfitLoss	23407647
CY2020	us-gaap	Profit Loss ProfitLoss	30055752
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	4382033
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	179889
CY2020	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-2269472
CY2022	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	1254382
CY2021	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	177251
CY2020	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	-56357
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	27960
CY2021	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	26931
CY2020	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	13182
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-258229
CY2021	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	296042
CY2020	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-290878
CY2021	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-2511720
CY2020	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	2511720
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	62843141
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	20807898
CY2020	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	34589241
CY2022	msb	Distributions Declared DistributionsDeclared	22960018
CY2021	msb	Distributions Declared DistributionsDeclared	6035205
CY2020	msb	Distributions Declared DistributionsDeclared	9184007
CY2022	msb	Number Of Persons Named In Exhibit To Agreement Of Trust NumberOfPersonsNamedInExhibitToAgreementOfTrust	25
CY2022Q1	us-gaap	Shares Outstanding SharesOutstanding	13120010
CY2022Q1	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	47727522
CY2021Q1	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	12500941
CY2021Q3	us-gaap	Litigation Settlement Amount Awarded From Other Party LitigationSettlementAmountAwardedFromOtherParty	2312106
CY2021Q3	us-gaap	Litigation Settlement Interest LitigationSettlementInterest	430710
CY2021Q4	us-gaap	Proceeds From Legal Settlements ProceedsFromLegalSettlements	2833687
CY2021Q4	us-gaap	Litigation Settlement Amount Awarded From Other Party LitigationSettlementAmountAwardedFromOtherParty	2312106
CY2021Q4	us-gaap	Litigation Settlement Interest LitigationSettlementInterest	521581
CY2021Q3	msb	Arbitration Number Of Members On Panel ArbitrationNumberOfMembersOnPanel	3
CY2021Q3	us-gaap	Litigation Settlement Amount Awarded From Other Party LitigationSettlementAmountAwardedFromOtherParty	2312106
CY2021Q3	us-gaap	Litigation Settlement Interest LitigationSettlementInterest	430710
CY2021Q4	us-gaap	Litigation Settlement Interest LitigationSettlementInterest	521581
CY2022	msb	Revenue Recognition Number Of Contracts RevenueRecognitionNumberOfContracts	1
CY2022Q1	msb	Contract With Customer Assets Net Of Contract Liability Current ContractWithCustomerAssetsNetOfContractLiabilityCurrent	1431633
CY2022Q1	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	1431633
CY2022Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	0
CY2021Q1	msb	Contract With Customer Assets Net Of Contract Liability Current ContractWithCustomerAssetsNetOfContractLiabilityCurrent	177251
CY2021Q1	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	239132
CY2021Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	61881
CY2022	msb	Percentage Of Fee Interest Held By Land Trust In Lease Property PercentageOfFeeInterestHeldByLandTrustInLeaseProperty	0.20
CY2021	us-gaap	Payments Of Dividends PaymentsOfDividends	21910417
CY2021	msb	Distribution Declared Distributions Paid Per Unit DistributionDeclaredDistributionsPaidPerUnit	1.67
CY2020	us-gaap	Payments Of Dividends PaymentsOfDividends	44083234
CY2020	msb	Distribution Declared Distributions Paid Per Unit DistributionDeclaredDistributionsPaidPerUnit	3.36
CY2022	msb	Fourth Quarterly Distribution Declared Or Paid Per Unit FourthQuarterlyDistributionDeclaredOrPaidPerUnit	1.75
CY2022	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><i style="font-style:italic;">Concentration of Credit Risk</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="white-space:pre-wrap;">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 the year, the Trust’s cash balance may exceed insured limits.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="white-space:pre-wrap;">As further described in Note 1, NMC is the lessee/operator of the Mesabi Trust land. All royalty income earned by the Trust is received from NMC, and accordingly, substantially all of the accrued income receivable, contract assets and contract liabilities are also with NMC.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;"></span></p>
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><i style="font-style:italic;">Accounting Estimates</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="white-space:pre-wrap;">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, contract asset, contract liability 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.</span></p>
CY2022Q1	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	4.1500
CY2022	msb	Distributions Paid And Declared DistributionsPaidAndDeclared	54448042
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	30794752
CY2022	us-gaap	Payments Of Dividends PaymentsOfDividends	37523229
CY2022	msb	Distribution Declared Distributions Paid Per Unit DistributionDeclaredDistributionsPaidPerUnit	2.86
CY2022Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	511778
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	8573870
CY2021Q2	us-gaap	Revenues Revenues	9402651
CY2021Q3	us-gaap	Revenues Revenues	27744215
CY2021Q4	us-gaap	Revenues Revenues	16358207
CY2022Q1	us-gaap	Revenues Revenues	17954717
CY2021Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	828781
CY2021Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	988185
CY2021Q4	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	365301
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	17442939
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.653
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	26756030
CY2021Q4	us-gaap	Net Income Loss NetIncomeLoss	15992906
CY2021Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.039
CY2021Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.219
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.329
CY2020Q2	us-gaap	Revenues Revenues	2168763
CY2020Q3	us-gaap	Revenues Revenues	7218385
CY2020Q4	us-gaap	Revenues Revenues	5737255
CY2021Q1	us-gaap	Revenues Revenues	10826164
CY2020Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	557142
CY2022Q1	msb	Cash And Cash Equivalents And Us Government Securities CashAndCashEquivalentsAndUSGovernmentSecurities	47727522
CY2021Q1	msb	Cash And Cash Equivalents And Us Government Securities CashAndCashEquivalentsAndUSGovernmentSecurities	22407610
CY2022Q1	us-gaap	Interest And Dividends Payable Current InterestAndDividendsPayableCurrent	22960018
CY2021Q1	us-gaap	Interest And Dividends Payable Current InterestAndDividendsPayableCurrent	6035205
CY2022Q1	msb	Unallocated Cash And Cash Equivalents And Us Government Securities UnallocatedCashAndCashEquivalentsAndUSGovernmentSecurities	24767504
CY2021Q1	msb	Unallocated Cash And Cash Equivalents And Us Government Securities UnallocatedCashAndCashEquivalentsAndUSGovernmentSecurities	16372405
CY2021Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	16477049
CY2022	us-gaap	Net Income Loss NetIncomeLoss	68765745
CY2020Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	542382
CY2020Q4	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	610856
CY2021Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	832540
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	1611621
CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	6676003
CY2020Q4	us-gaap	Net Income Loss NetIncomeLoss	5126399
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	9993624
CY2020Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.123
CY2020Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.509
CY2020Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.391
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.762

Files In Submission

Name	View Source	Status
0001558370-22-006127-index-headers.html	Edgar Link	pending
0001558370-22-006127-index.html	Edgar Link	pending
0001558370-22-006127.txt	Edgar Link	pending
0001558370-22-006127-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
msb-20220131.xsd	Edgar Link	pending
msb-20220131x10k.htm	Edgar Link	pending
msb-20220131x10k_htm.xml	Edgar Link	completed
msb-20220131xex10di.htm	Edgar Link	pending
msb-20220131xex13.htm	Edgar Link	pending
msb-20220131xex13002.jpg	Edgar Link	pending
msb-20220131xex13004.jpg	Edgar Link	pending
msb-20220131xex13007.jpg	Edgar Link	pending
msb-20220131xex31.htm	Edgar Link	pending
msb-20220131xex32.htm	Edgar Link	pending
msb-20220131xex4dd.htm	Edgar Link	pending
msb-20220131_cal.xml	Edgar Link	unprocessable
msb-20220131_def.xml	Edgar Link	unprocessable
msb-20220131_lab.xml	Edgar Link	unprocessable
msb-20220131_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
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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
MESABI TRUST Stock $msb

2022 Q1 Form 10-K Financial Statement

#000155837022006127 Filed on April 27, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MSB MESABI TRUST Stock $msb

2022 Q1 Form 10-K Financial Statement

#000155837022006127 Filed on April 27, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MSB
MESABI TRUST Stock $msb