FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Jan. 31, 2020

FINANCIAL INSTRUMENTS (Tables)

Schedule of Contractual concentration of credit risk

	January 31, 2020		January 31, 2019
Cash and cash equivalents	$	10,688,861	$	8,308,884
Term deposits		-		9,656,320
Investments (Note 8(b))		2,658,284		-
Royalty receivable		4,205,261		3,969,356
Total	$	17,552,406	$	21,934,560

Schedule of Foreign Currency Risk

	January 31, 2020		January 31, 2019
Cash and cash equivalents	US$	7,292,870	US$	5,842,116
Term deposits		-		7,360,000
Royalty receivable		3,177,859		2,988,169
Investments		2,008,830		-
Accounts payable		-		(65	)
Current income tax liability		-		(2,160,272	)
Net exposure	US$	12,479,559	US$	14,029,948
Canadian dollar equivalent	$	16,514,200	$	18,407,291

Schedule of Fair Value On Recurring Basis

	Level 1		Level 2		Level 3
Cash and cash equivalents	$	10,688,861	$	-	$	-
Investments		2,674,862		-		-
	$	13,363,723	$	-	$	-