This excerpt taken from the GNI 8-K filed Jan 28, 2005.
Press Release dated January 28, 2005 with respect to financial results
GREAT NORTHERN IRON ORE PROPERTIES
Date: January 28, 2005
FOR IMMEDIATE RELEASE
The Trustees of Great Northern Iron Ore Properties (GNI) report the following financial information:
GNI, St. Paul, Minnesota, owns mineral and nonmineral lands on the Mesabi Iron Range of Minnesota. Income is mainly derived from royalties on iron ore minerals (principally taconite) mined from these properties which are under lease to major steel producers.
/s/ Joseph S. Micallef
President of the Trustees and Chief Executive Officer