| Balance Sheets | 2025-07-31 | |||
|---|---|---|---|---|
| Cash and cash equivalents | 21,249,191 | |||
| Accrued income receivable | 1,443,875 | |||
| Contract asset | 1,765,388 | |||
| Prepaid expenses | 318,205 | |||
| Current assets | 24,776,659 | |||
| Amended assignment of peters lease | 1 | |||
| Assignment of cloquet leases | 1 | |||
| Certificate of beneficial interest for 13,120,010 units of land trust | 1 | |||
| Total fixed property | 3 | |||
| Total assets | 24,776,662 | |||
| Distribution payable | 1,574,401 | |||
| Accrued expenses | 421,058 | |||
| Total liabilities | 1,995,459 | |||
| Unallocated reserve | 22,781,200 | |||
| Trust corpus | 3 | |||
| Total liabilities, unallocated reserve and trust corpus | 24,776,662 | |||
MESABI TRUST (MSB)
MESABI TRUST (MSB)