Royal Mines and Minerals (RYMM) 10-Q 18 Sep 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2015	Sep. 18, 2015
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2015
Trading Symbol	rymm
Entity Registrant Name	ROYAL MINES & MINERALS CORP
Entity Central Index Key	1,371,424
Current Fiscal Year End Date	--04-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		228,793,634
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jul. 31, 2015	Apr. 30, 2015
Current assets
Cash and cash equivalents	$ 9,795	$ 10,860
Other current assets	0	1,037
Total current assets	9,795	11,897
Non-current assets
Investment in marketable securities	246,506	272,000
Property and equipment, net	149,383	166,824
Other assets	7,655	7,655
Total non-current assets	403,544	446,479
Total assets	413,339	458,376
Current liabilities
Accounts payable	271,317	254,938
Accounts payable - related parties	282,321	266,734
Accrued interest	76,835	70,762
Accrued interest - related parties	154,012	141,935
Loans payable	248,030	248,030
Loans payable - related parties	508,000	373,000
Notes payable	50,000	50,000
Deferred rent	6,855	8,345
Total current liabilities	1,597,370	1,413,744
Deferred rent	1,714	4,173
Total non-current liabilities	1,714	4,173
Total liabilities	1,599,084	1,417,917
Commitments and contingencies	0	0
Stockholders' deficit
Preferred stock, $0.001 par value; 100,000,000 shares authorized, zero shares issued and outstanding	0	0
Common stock, $0.001 par value; 900,000,000 shares authorized, 228,793,634 shares issued and outstanding	228,794	228,794
Additional paid-in capital	16,400,725	16,400,725
Subscriptions payable	10,000	10,000
Accumulated deficit during exploration stage	(17,825,264)	(17,599,060)
Total stockholders' deficit	(1,185,745)	(959,541)
Total liabilities and stockholders' deficit	$ 413,339	$ 458,376

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 31, 2015	Apr. 30, 2015
Preferred Stock, Par Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	900,000,000	900,000,000
Common Stock, Shares, Issued	228,793,634	228,793,634
Common Stock, Shares, Outstanding	228,793,634	228,793,634

STATEMENTS OF OPERATIONS AND CO

STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Revenue	$ 0	$ 0
Operating expenses:
Mineral exploration and evaluation expenses	79,031	105,042
Mineral exploration and evaluation expenses - related parties	15,000	15,000
General and administrative	34,799	46,648
General and administrative - related parties	35,000	36,000
Depreciation and amortization	17,441	20,991
Other than temporary loss on marketable security	25,494	0
Bad debt expense	1,037	0
Total operating expenses	207,802	223,681
Loss from operations	(207,802)	(223,681)
Other expense:
Interest expense	(18,402)	(14,392)
Total other expense	(18,402)	(14,392)
Net loss	(226,204)	(238,073)
Other comprehensive gain (loss):
Unrealized gain on marketable securities	0	420,000
Comprehensive gain (loss)	$ (226,204)	$ 181,927
Net loss per common share - basic	$ 0	$ 0
Weighted average common shares outstanding - basic	228,793,634	212,813,141

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (226,204)	$ (238,073)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	17,441	20,991
Allowance for bad debt	1,037	0
Other than temporary loss on marketable securities	25,494	0
Changes in operating assets and liabilities:
Other assets	0	6,058
Accounts payable	16,379	15,511
Accounts payable - related parties	15,587	13,917
Other current liabilities	0	(2,540)
Accrued interest	6,073	7,606
Accrued interest - related parties	12,077	4,724
Deferred rent	(3,949)	(2,700)
Net cash used in operating activities	(136,065)	(174,506)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from contribution on Scottsdale facility	0	110,000
Proceeds from borrowings	0	10,000
Proceeds from borrowings - related parties	135,000	86,000
Net cash provided by financing activities	135,000	206,000
NET CHANGE IN CASH	(1,065)	31,494
CASH AT BEGINNING OF PERIOD	10,860	67,991
CASH AT END OF PERIOD	9,795	99,485
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	114	99
Income taxes paid	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain on marketable securities	$ 0	$ 420,000

DESCRIPTION OF BUSINESS, HISTOR

DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES	3 Months Ended
	Jul. 31, 2015
DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES [Text Block]	1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' deficit in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the three months ended July 31, 2015 are not necessarily indicative of the results that can be expected for the year ending April 30, 2016. Description of Business History On October 5, 2007, Centrus Ventures Inc. (Centrus) completed the acquisition of Royal Mines Inc. (“Royal Mines”). The acquisition of Royal Mines was completed by way of a “triangular merger” pursuant to the provisions of the Agreement and Plan of Merger dated September 24, 2007 (the “First Merger Agreement”) among Centrus, Royal Mines Acquisition Corp. (“Centrus Sub”), a wholly owned subsidiary of Centrus, Royal Mines and Kevin B. Epp, the former sole executive officer and director of Centrus. On October 5, 2007, under the terms of the First Merger Agreement, Royal Mines was merged with and into Centrus Sub, with Centrus Sub continuing as the surviving corporation (the “First Merger”). On October 6, 2007, a second merger was completed pursuant to an Agreement and Plan of Merger dated October 6, 2007 (the “Second Merger Agreement”) between Centrus and its wholly owned subsidiary, Centrus Sub, whereby Centrus Sub was merged with and into Centrus, with Centrus continuing as the surviving corporation (the “Second Merger”). As part of the Second Merger, Centrus changed its name from “Centrus Ventures Inc.” to “Royal Mines And Minerals Corp.”(“the Company”). Other than the name change, no amendments were made to the Articles of Incorporation. Under the terms and conditions of the First Merger Agreement, each share of Royal Mines’ common stock issued and outstanding immediately prior to the completion of the First Merger was converted into one share of Centrus’ common stock. As a result, a total of 32,183,326 shares of Centrus common stock were issued to former stockholders of Royal Mines. In addition, Mr. Epp surrendered 23,500,000 shares of Centrus common stock for cancellation in consideration of payment by Centrus of $0.001 per share for an aggregate consideration of $23,500. As a result, upon completion of the First Merger, the former stockholders of Royal Mines owned approximately 69.7% of the issued and outstanding common stock. As such, Royal Mines is deemed to be the acquiring enterprise for financial reporting purposes. All acquired assets and liabilities of Centrus were recorded at fair value on the date of the acquisition, as required by the purchase method of accounting, and the tangible net liabilities were debited against equity of the Company. There are no continuing operations of Centrus from the date of acquisition. Going Concern As of July 31, 2015, the Company had cumulative net losses of $17,825,264 from operations since inception and had negative working capital of $1,580,270. For the three months ended July 31, 2015, the Company incurred a net loss of $226,204 and had net cash used in operating activities of $136,065. For the three months ended July 31, 2014 the Company incurred a net loss of $238,073 and had net cash used in operating activities of $174,506. The Company has not fully commenced its mining and minerals processing operations, raising substantial doubt about its ability to continue as a going concern. To address liquidity constraints, the Company will seek additional sources of capital through the issuance of equity or debt financing. Additionally, the Company has reduced expenses, elected to defer payment of certain obligations, deferred payment of our CEO’s salary and reduced staffing levels to conserve cash. The Company is focused on continuing to reduce costs and obtaining additional funding. There is no assurance that such funding will be available on terms acceptable to the Company, or at all. If the Company raises additional funds by selling additional shares of capital stock, securities convertible into shares of capital stock, or by issuing debt convertible into shares of capital stock, the ownership interest of the Company’s existing common stock holders will be diluted. Use of Estimates Cash and Cash Equivalents Fair Value Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data of the fair value of the assets or liabilities. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Pursuant to ASC 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company's financial instruments consist of cash, prepaid expenses, other assets, accounts payable, accrued liabilities, and loans payable. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Assets measured at fair value on a recurring basis were presented on the Company’s balance sheet as of July 31, 2015 and April 30, 2015 as follows: Fair Value Measurements at July 31, 2015 Using: Assets: Total Carrying Quoted Marked Significant Other Significant Value as of Prices in Active Observable Inputs Unobservable 7/31/2015 Markets (Level 1) (Level 2) Inputs (Level 3) Investments in marketable securities $ 246,506 $ - $ 246,506 $ - Total $ 246,506 $ - $ 246,506 $ - Fair Value Measurements at April 30, 2015 Using: Assets: Total Carrying Quoted Marked Significant Other Significant Value as of Prices in Active Observable Inputs Unobservable 4/30/2015 Markets (Level 1) (Level 2) Inputs (Level 3) Investments in marketable securities $ 272,000 $ - $ 272,000 $ - Total $ 272,000 $ - $ 272,000 $ - Property and Equipment Mineral Exploration and Development Costs Impairment of Long-Lived Assets Measurement of an Impairment Loss Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. No impairment expense was recognized for the three months ended July 31, 2015 and 2014. Revenue Recognition Other Current Assets The allowance for doubtful accounts represents the Company’s best estimate of the amount of probable credit losses in the Company’s existing other receivables. The Company determines the allowance based on specific customer information, historical write-off experience and current industry and economic data. Account balances are charged off against the allowance when the Company believes it is probable the receivable will not be recovered. Management believes that there are no concentrations of credit risk for which an allowance has not been established. Although management believes that the allowance is adequate, it is possible that the estimated amount of cash collections with respect to accounts receivable could change. As of July 31, 2015 and April 30, 2015, the Company has recorded an allowance for doubtful account of $15,798 and $14,761, respectively. Research and Development Earnings (Loss) Per Share Earnings Per Share, Distinguishing Liabilities from Equity, Income Taxes Income Taxes For acquired properties that do not constitute a business as defined in ASC 805-10-55-4, Definition of a Business Acquired Temporary Differences in Certain Purchase Transactions that are Not Accounted for as Business Combinations Stock-Based Compensation Compensation - Stock Compensation Measurement Objective – Fair Value at Grant Date ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505. Recent Accounting Standards In April 2015, the FASB issued Accounting Standard Update (“ASU”) 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This update simplifies the presentation of debt issuance costs by requiring debt issuance costs to be presented as a deduction from the corresponding debt liability. The update is effective in fiscal years, including interim periods, beginning after December 15, 2015, and early adoption is permitted. The Company is currently assessing the impact, if any, of implementing this guidance on its financial position, results of operations and liquidity. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern. The new standard requires management of public and private companies to evaluate whether there is substantial doubt about the entity’s ability to continue as a going concern and, if so, disclose that fact. Management will also be required to evaluate and disclose whether its plans alleviate that doubt. The new standard is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Adoption of the new guidance is not expected to have an impact on the financial position, results of operations or cash flows. In June 2014, the FASB issued ASU 2014-12, Compensation - Stock Compensation - Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which is effective for financial statements issued for interim and annual periods beginning on or after December 15, 2015. The guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition and should not be reflected in the estimate of the grant-date fair value of the award. Adoption of the new guidance is not expected to have an impact on the financial position, results of operations or cash flows. In June 2014, the FASB issued ASU No. 2014-10, Development Stage Entities - Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. This ASU does the following, among other things: a) eliminates the requirement to present inception-to-date information on the statements of income, cash flows, and shareholders’ equity, b) eliminates the need to label the financial statements as those of a development stage entity, c) eliminates the need to disclose a description of the development stage activities in which the entity is engaged, and d) amends FASB ASC 275, Risks and Uncertainties, to clarify that information on risks and uncertainties for entities that have not commenced planned principal operations is required. The amendments in ASU No. 2014-10 are effective for public companies for annual and interim reporting periods beginning after December 15, 2014. Adoption of the new guidance had no impact on the financial position, results of operations or cash flows.

SCOTTSDALE FACILITY AGREEMENT

SCOTTSDALE FACILITY AGREEMENT	3 Months Ended
	Jul. 31, 2015
SCOTTSDALE FACILITY AGREEMENT [Text Block]	2. SCOTTSDALE FACILITY AGREEMENT On April 16, 2014, the Company entered into an agreement with GJS Capital Corp. (the "Creditor"). Under the terms of the Agreement, the Creditor has agreed to loan the Company $150,000 (the “Principal”), which has already been advanced. The loan bears interest at a rate of 6% per annum, compounded annually and has a maturity date of December 31, 2015 (the “Maturity Date"). At any time prior to the Maturity Date, the Creditor may elect to receive units (each a “Unit") in exchange for any portion of the Principal outstanding on the basis of one Unit for each $0.05 of indebtedness converted (the “Unit Conversion Option"). Each Unit consists of one share of our common stock and one warrant to purchase an additional share of our common stock at a price of $0.10 per share for a period of two years from the date of issuance. If the Creditor exercises the Unit Conversion Option, any interest that accrued on the portion of the Principal that was converted shall be forgiven. If the Creditor exercises the Unit Conversion Option, the Creditor will receive a net profits interest (the “Net Profits Interest”) an any future profits received by Company that are derived from our process for the recovery of precious metals from coal ash and other materials (the “Technology”) at a basis of 1% of our net profits for every $10,000 of converted Principal. The Net Profits Interest will terminate when the Creditor receives eight times the amount of converted Principal. In addition, if the Creditor exercises the Unit Conversion Option, the Company will use best efforts to ensure that a director nominated by the Creditor is appointed to the Company’s Board of Directors. If the Creditor does nominate such director, the Company will be allowed to nominate and appoint an additional director to the Company’s Board of Directors. The Creditor has agreed to form a joint venture with the Company for the purpose of constructing and operating a processing plant at the Scottsdale facility, an existing facility, utilizing the Company’s licensed Technology. Under the agreement, the Creditor and the Company shall form a limited liability company (“Newco”) to operate the Joint Venture, and ownership of Newco would be split equally between the Creditor and the Company. In addition, the Creditor would advance $250,000 plus up to 15% for contingencies, a total of $287,500, to Newco to fund the initial construction and operation costs of the Newco. These advances are not expected to be paid back to the Creditor. The Company has been operating in the Scottsdale facility in prior years using the same technology licensed by the Company. As of July 31, 2015 and through the filing date of the Form 10-Q, the Company and the Creditor have not established a limited liability corporation in accordance with the agreement. The equipment used in the Scottsdale facility, lease agreements for the Scottsdale facility, and other supplies purchased and costs incurred by the Scottsdale facility were incurred by the Company and are the legal obligation of the Company. As of July 31, 2015, no bank account has been established for the joint venture and as a result the Company has paid all expenses related to the Scottsdale facility directly via the Company’s bank accounts. Funding under the joint venture has been deposited by the Company into bank accounts owned by the Company. As of July 31, 2015, the Creditor funded a total of $329,000. As of July 31, 2015 and through the date of the filing date of the Form 10-Q, the Company has not agreed to contribute any of the assets related to the Scottsdale facility to the joint venture. Based upon the aforementioned, the Company has accounted for the funds received totaling $329,000 as contributed capital since in substance, the Creditor has secured future revenue of the Scottsdale facility operations with such funds. For the three months ended July 31, 2015 and July 31, 2014, the Company received contributions totaling zero and $110,000, respectively.

INVESTMENT IN MARKETABLE SECURI

INVESTMENT IN MARKETABLE SECURITIES	3 Months Ended
	Jul. 31, 2015
INVESTMENT IN MARKETABLE SECURITIES [Text Block]	3. INVESTMENT IN MARKETABLE SECURITIES On September 27, 2013, the Company entered into a settlement and security release agreement with Golden Anvil. Under the terms of the Release Agreement, the Company agreed to release Golden Anvil from loan agreements pursuant to which, Golden Anvil owed the Company $983,055 in secured indebtedness. In exchange for the release, Golden Anvil had 2,000,000 common shares of Gainey issued to the Company as part of an asset purchase agreement between Golden Anvil and Gainey. The Asset Purchase was completed on September 30, 2013. The Gainey shares are held in escrow and will be released pursuant to the terms of a surplus escrow agreement as follows. The company cannot enter into any sales transaction of the Gainey shares prior to their release. % of Shares to be Released Date of Release 5% October 2, 2013 5% April 2, 2014 10% October 2, 2014 10% April 2, 2015 15% October 2, 2015 15% April 2, 2016 40% October 2, 2016 On March 30, 2015, the Company sold 400,000 Gainey shares to the Creditor (see Note 2) for $49,747 cash, net of currency exchange and other banking fees. The cost of the 400,000 Gainey shares was $200,000. The Company recorded a loss on sale of marketable securities of $150,253. As of July 31, 2015 and April 30, 2015, investment in marketable securities consisted of $246,506 and $272,000, respectively. The Company held 1,600,000 Gainey Capital Corp. (“Gainey”) common shares, and the market value was $0.154 and $0.17 per share, on July 31, 2015 and April 30, 2015, respectively. As of July 31, 2015, 30% of the shares have been released, of which 20% were sold on March 30, 2015. Gainey shares are traded on the Vancouver exchange under the stock symbol GNC.V and on the OTC Pink marketplace under the stock symbol GNYPF. Marketable securities are held for an indefinite period of time and thus are classified as available-for-sale securities. Realized investment gains and losses are included in the statement of operations, as are provisions for other than temporary declines in the market value of available-for-sale securities. Unrealized gains and unrealized losses deemed to be temporary are excluded from earnings (losses), net of applicable taxes, as a component of other comprehensive income. Factors considered in judging whether an impairment is other than temporary include the financial condition, business prospects and creditworthiness of the issuer, the length of time that fair value has been less than cost, the relative amount of decline, and the Company’s ability and intent to hold the investment until the fair value recovers. Based on management’s evaluation of the circumstances, management believes that the decline in fair value below the cost of certain of the Company’s marketable securities is other-than-temporary. The following is a summary of available-for-sale marketable securities as of July 31, 2015: Cost Unrealized Gain Realized (Losses) Market or Fair Value Equity $ 800,000 $ - - $ (553,494 ) $ 246,506 Total $ 800,000 $ - - $ (553,494 ) $ 246,506 The following is a summary of available-for-sale marketable securities as of April 30, 2015: Cost Unrealized Gain Realized (Losses) Market or Fair Value Equity $ 800,000 $ - - $ (528,000 ) $ 272,000 Total $ 800,000 $ - - $ (528,000 ) $ 272,000

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Jul. 31, 2015
PROPERTY AND EQUIPMENT [Text Block]	4. PROPERTY AND EQUIPMENT Property and equipment consists of the following: As of As of July 31, 2015 April 30, 2015 Process, lab and office equipment $ 406,316 $ 406,316 Less: accumulated depreciation (256,933 ) (239,492 ) $ 149,383 $ 166,824 Depreciation expense was $17,441 and $20,991 for the three months ended July 31, 2015 and 2014, respectively.

INTELLECTUAL PROPERTY

INTELLECTUAL PROPERTY	3 Months Ended
	Jul. 31, 2015
INTELLECTUAL PROPERTY [Text Block]	5. INTELLECTUAL PROPERTY On August 20, 2014, the Company entered an Amended and Restated License Agreement with Alvin C. Johnson, Jr. (“Licensor”), whereby the Licensor has been granted 7,980,493 shares of common stock as consideration for the cancellation by the Licensor of a 3.75% gross royalty on the proceeds from any commercial use of our license on the process for the recovery of precious metals from coal ash and other materials. The intellectual property was valued at $159,610 or $0.02 per share of common stock, the Company’s market price on August 20, 2014 and has been capitalized as intellectual property. Based on the unpredictable timing of estimated future cash flows expected to be generated from the intellectual property, the Company recognized an impairment expense of $159,610 as of April 30, 2015.

ACCOUNTS PAYABLE - RELATED PART

ACCOUNTS PAYABLE - RELATED PARTIES	3 Months Ended
	Jul. 31, 2015
ACCOUNTS PAYABLE - RELATED PARTIES [Text Block]	6. ACCOUNTS PAYABLE - RELATED PARTIES As of July 31, 2015 and April 30, 2015, accounts payable – related parties of $282,321 and $266,734, respectively, mainly consisted of consulting fees due to one director and officer of the Company.

LOANS PAYABLE

LOANS PAYABLE	3 Months Ended
	Jul. 31, 2015
LOANS PAYABLE [Text Block]	7. LOANS PAYABLE As of July 31, 2015 and April 30, 2015, loans payable of $248,030, consists of borrowings payable to unrelated third parties. The loans bear 6% to 12% interest, are unsecured and are due on demand. As of July 31, 2015 and April 30, 2015, accrued interest was $76,835 and $70,762, respectively.

LOANS PAYABLE AND ACCRUED INTER

LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTY	3 Months Ended
	Jul. 31, 2015
LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTY [Text Block]	8. LOANS PAYABLE AND ACCRUED INTEREST – RELATED PARTIES As of July 31, 2015 and April 30, 2015, loans payable – related parties of $508,000 and $373,000, respectively, mainly consists of borrowings, directly and indirectly, from one director of the Company. The balances bear 10% interest, are unsecured and are due on demand. As of July 31, 2015 and April 30, 2015, accrued interest – related party was $154,012 and $141,935, respectively.

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
	Jul. 31, 2015
NOTES PAYABLE [Text Block]	9. NOTES PAYABLE As of July 31, 2015 and April 30, 2015, notes payable consists of an unsecured $50,000 payable to New Verde River Mining and Robert H. Gunnison. The note payable bears 6% interest annually, is unsecured and is due on demand.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jul. 31, 2015
COMMITMENTS AND CONTINGENCIES [Text Block]	10. COMMITMENTS AND CONTINGENCIES Lease obligations Fiscal year ending April 30, 2016 $ 60,908 Fiscal year ending April 30, 2017 $ 44,616 Fiscal year ending April 30, 2018 $ 21,008 Fiscal year ending April 30, 2019 $ - Fiscal year ending April 30, 2020 $ - Lease expense was $34,484 and $34,213 for the three months ended July 31, 2015 and 2014, respectively. Legal proceedings On October 22, 2014, the Company reached a settlement with the Landlord to pay $70,000 as follows: $5,000 on or before November 24, 2014 (amount has been paid); $5,000 payable 90 days thereafter (amount has been paid); six payments of $7,000 due every 90 days thereafter (two payments of $7,000 has been paid); and two $9,000 payments due every 90 days thereafter. Each payment has a 3 day cure/grace period. Any later payment will trigger a default and immediate recordation/enforcement of a judgment. Payment is secured by a judgment for $78,969 plus attorney fees incurred by Landlord to date, plus any further attorney fees incurred in relation to the judgment. The judgment will not be executed unless the Company defaults on its payment obligations noted above. As of July 31, 2015, the Company has a liability in the amount of $46,000 recorded in accounts payable related to this matter. On May 1, 2015, the Company received an amended notice of civil claim (the “Claim”), dated April 1, 2015 (original filed on December 31, 2014), that was filed in the Supreme Court of British Columbia, by 1254859 Ontario Inc. (the “Plaintiff”), alleging breach of specific performance and breach of contract in relation to the Golden Anvil Asset Purchase by Gainey (see Note 3). The Plaintiff seeks to recover damages of including, but not limited to: 1) 1,000,000 shares of Gainey stock; 2) damages in lieu of specific performance; and 3) damages for breach of contract. On June 1, 2015, the Company filed a response to the Claim, denying: 1) entering into any oral agreement; 2) that the Plaintiff presented a potential transaction with Gainey; 3) that there was any fee payable to Plaintiff upon completion of a transaction with Gainey; 4) any existence of an agreement with Plaintiff and as such, the Gainey transaction was not related to any agreement with Plaintiff; and 5) any obligation to pay a fee to Plaintiff, contractually or otherwise. While the Company intends to vigorously defend the lawsuit, there is no assurance that the Company will be able to successfully defend the lawsuit. No other legal proceedings are pending, threatened or contemplated.

STOCKHOLDERS EQUITY

STOCKHOLDERS EQUITY	3 Months Ended
	Jul. 31, 2015
STOCKHOLDERS EQUITY [Text Block]	11. STOCKHOLDERS’ EQUITY Common and Preferred Stock: As of July 31, 2015 and April 30, 2015, there were 228,793,634 shares of common stock outstanding and zero shares of preferred stock outstanding.

STOCK OPTIONS AND WARRANTS

STOCK OPTIONS AND WARRANTS	3 Months Ended
	Jul. 31, 2015
STOCK OPTIONS AND WARRANTS [Text Block]	12. STOCK OPTIONS AND WARRANTS Extension of Warrants On July 10, 2015, the Company extended the expiration dates of 23,020,000 warrants previously issued on July 13, 2011, from an expiration date of July 12, 2015 to July 12, 2016. Each warrant entitles the holder to purchase an additional share of the Company’s common stock at a price of $0.10 per share. As of July 31, 2015 and April 30, 2015, there were 26,100,000 stock options and 133,685,129 stock warrants outstanding and exercisable.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Jul. 31, 2015
RELATED PARTY TRANSACTIONS [Text Block]	13. RELATED PARTY TRANSACTIONS For the three months ended July 31, 2015, the Company incurred $50,000, in consulting fees expense from companies with a common director or officer. For the three months ended July 31, 2014, the Company incurred $51,000, in consulting fees expense from companies with a common director or officer.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jul. 31, 2015
SUBSEQUENT EVENTS [Text Block]	14. SUBSEQUENT EVENTS None.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jul. 31, 2015
Basis of Presentation [Policy Text Block]	Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' deficit in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the three months ended July 31, 2015 are not necessarily indicative of the results that can be expected for the year ending April 30, 2016.
Description of Business [Policy Text Block]	Description of Business
History [Policy Text Block]	History On October 5, 2007, Centrus Ventures Inc. (Centrus) completed the acquisition of Royal Mines Inc. (“Royal Mines”). The acquisition of Royal Mines was completed by way of a “triangular merger” pursuant to the provisions of the Agreement and Plan of Merger dated September 24, 2007 (the “First Merger Agreement”) among Centrus, Royal Mines Acquisition Corp. (“Centrus Sub”), a wholly owned subsidiary of Centrus, Royal Mines and Kevin B. Epp, the former sole executive officer and director of Centrus. On October 5, 2007, under the terms of the First Merger Agreement, Royal Mines was merged with and into Centrus Sub, with Centrus Sub continuing as the surviving corporation (the “First Merger”). On October 6, 2007, a second merger was completed pursuant to an Agreement and Plan of Merger dated October 6, 2007 (the “Second Merger Agreement”) between Centrus and its wholly owned subsidiary, Centrus Sub, whereby Centrus Sub was merged with and into Centrus, with Centrus continuing as the surviving corporation (the “Second Merger”). As part of the Second Merger, Centrus changed its name from “Centrus Ventures Inc.” to “Royal Mines And Minerals Corp.”(“the Company”). Other than the name change, no amendments were made to the Articles of Incorporation. Under the terms and conditions of the First Merger Agreement, each share of Royal Mines’ common stock issued and outstanding immediately prior to the completion of the First Merger was converted into one share of Centrus’ common stock. As a result, a total of 32,183,326 shares of Centrus common stock were issued to former stockholders of Royal Mines. In addition, Mr. Epp surrendered 23,500,000 shares of Centrus common stock for cancellation in consideration of payment by Centrus of $0.001 per share for an aggregate consideration of $23,500. As a result, upon completion of the First Merger, the former stockholders of Royal Mines owned approximately 69.7% of the issued and outstanding common stock. As such, Royal Mines is deemed to be the acquiring enterprise for financial reporting purposes. All acquired assets and liabilities of Centrus were recorded at fair value on the date of the acquisition, as required by the purchase method of accounting, and the tangible net liabilities were debited against equity of the Company. There are no continuing operations of Centrus from the date of acquisition.
Going Concern [Policy Text Block]	Going Concern As of July 31, 2015, the Company had cumulative net losses of $17,825,264 from operations since inception and had negative working capital of $1,580,270. For the three months ended July 31, 2015, the Company incurred a net loss of $226,204 and had net cash used in operating activities of $136,065. For the three months ended July 31, 2014 the Company incurred a net loss of $238,073 and had net cash used in operating activities of $174,506. The Company has not fully commenced its mining and minerals processing operations, raising substantial doubt about its ability to continue as a going concern. To address liquidity constraints, the Company will seek additional sources of capital through the issuance of equity or debt financing. Additionally, the Company has reduced expenses, elected to defer payment of certain obligations, deferred payment of our CEO’s salary and reduced staffing levels to conserve cash. The Company is focused on continuing to reduce costs and obtaining additional funding. There is no assurance that such funding will be available on terms acceptable to the Company, or at all. If the Company raises additional funds by selling additional shares of capital stock, securities convertible into shares of capital stock, or by issuing debt convertible into shares of capital stock, the ownership interest of the Company’s existing common stock holders will be diluted.
Use of Estimates [Policy Text Block]	Use of Estimates
Cash and Cash Equivalents [Policy Text Block]	Cash and Cash Equivalents
Fair Value [Policy Text Block]	Fair Value Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data of the fair value of the assets or liabilities. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Pursuant to ASC 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company's financial instruments consist of cash, prepaid expenses, other assets, accounts payable, accrued liabilities, and loans payable. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Assets measured at fair value on a recurring basis were presented on the Company’s balance sheet as of July 31, 2015 and April 30, 2015 as follows: Fair Value Measurements at July 31, 2015 Using: Assets: Total Carrying Quoted Marked Significant Other Significant Value as of Prices in Active Observable Inputs Unobservable 7/31/2015 Markets (Level 1) (Level 2) Inputs (Level 3) Investments in marketable securities $ 246,506 $ - $ 246,506 $ - Total $ 246,506 $ - $ 246,506 $ - Fair Value Measurements at April 30, 2015 Using: Assets: Total Carrying Quoted Marked Significant Other Significant Value as of Prices in Active Observable Inputs Unobservable 4/30/2015 Markets (Level 1) (Level 2) Inputs (Level 3) Investments in marketable securities $ 272,000 $ - $ 272,000 $ - Total $ 272,000 $ - $ 272,000 $ -
Property and Equipment [Policy Text Block]	Property and Equipment
Mineral Exploration and Development Costs [Policy Text Block]	Mineral Exploration and Development Costs
Impairment of Long-Lived Assets [Policy Text Block]	Impairment of Long-Lived Assets Measurement of an Impairment Loss Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. No impairment expense was recognized for the three months ended July 31, 2015 and 2014.
Revenue Recognition [Policy Text Block]	Revenue Recognition
Other Current Assets [Policy Text Block]	Other Current Assets The allowance for doubtful accounts represents the Company’s best estimate of the amount of probable credit losses in the Company’s existing other receivables. The Company determines the allowance based on specific customer information, historical write-off experience and current industry and economic data. Account balances are charged off against the allowance when the Company believes it is probable the receivable will not be recovered. Management believes that there are no concentrations of credit risk for which an allowance has not been established. Although management believes that the allowance is adequate, it is possible that the estimated amount of cash collections with respect to accounts receivable could change. As of July 31, 2015 and April 30, 2015, the Company has recorded an allowance for doubtful account of $15,798 and $14,761, respectively.
Research and Development [Policy Text Block]	Research and Development
Earnings (Loss) Per Share [Policy Text Block]	Earnings (Loss) Per Share Earnings Per Share, Distinguishing Liabilities from Equity,
Income Taxes [Policy Text Block]	Income Taxes Income Taxes For acquired properties that do not constitute a business as defined in ASC 805-10-55-4, Definition of a Business Acquired Temporary Differences in Certain Purchase Transactions that are Not Accounted for as Business Combinations
Stock-Based Compensation [Policy Text Block]	Stock-Based Compensation Compensation - Stock Compensation Measurement Objective – Fair Value at Grant Date ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505.
Recent Accounting Standard [Policy Text Block]	Recent Accounting Standards In April 2015, the FASB issued Accounting Standard Update (“ASU”) 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This update simplifies the presentation of debt issuance costs by requiring debt issuance costs to be presented as a deduction from the corresponding debt liability. The update is effective in fiscal years, including interim periods, beginning after December 15, 2015, and early adoption is permitted. The Company is currently assessing the impact, if any, of implementing this guidance on its financial position, results of operations and liquidity. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern. The new standard requires management of public and private companies to evaluate whether there is substantial doubt about the entity’s ability to continue as a going concern and, if so, disclose that fact. Management will also be required to evaluate and disclose whether its plans alleviate that doubt. The new standard is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Adoption of the new guidance is not expected to have an impact on the financial position, results of operations or cash flows. In June 2014, the FASB issued ASU 2014-12, Compensation - Stock Compensation - Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, which is effective for financial statements issued for interim and annual periods beginning on or after December 15, 2015. The guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition and should not be reflected in the estimate of the grant-date fair value of the award. Adoption of the new guidance is not expected to have an impact on the financial position, results of operations or cash flows. In June 2014, the FASB issued ASU No. 2014-10, Development Stage Entities - Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. This ASU does the following, among other things: a) eliminates the requirement to present inception-to-date information on the statements of income, cash flows, and shareholders’ equity, b) eliminates the need to label the financial statements as those of a development stage entity, c) eliminates the need to disclose a description of the development stage activities in which the entity is engaged, and d) amends FASB ASC 275, Risks and Uncertainties, to clarify that information on risks and uncertainties for entities that have not commenced planned principal operations is required. The amendments in ASU No. 2014-10 are effective for public companies for annual and interim reporting periods beginning after December 15, 2014. Adoption of the new guidance had no impact on the financial position, results of operations or cash flows.

DESCRIPTION OF BUSINESS, HIST21

DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES (Tables)	3 Months Ended	9 Months Ended
	Jul. 31, 2015	Apr. 30, 2015
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Table Text Block]	Assets: Total Carrying Quoted Marked Significant Other Significant Value as of Prices in Active Observable Inputs Unobservable 7/31/2015 Markets (Level 1) (Level 2) Inputs (Level 3) Investments in marketable securities $ 246,506 $ - $ 246,506 $ - Total $ 246,506 $ - $ 246,506 $ -	Assets: Total Carrying Quoted Marked Significant Other Significant Value as of Prices in Active Observable Inputs Unobservable 4/30/2015 Markets (Level 1) (Level 2) Inputs (Level 3) Investments in marketable securities $ 272,000 $ - $ 272,000 $ - Total $ 272,000 $ - $ 272,000 $ -

INVESTMENT IN MARKETABLE SECU22

INVESTMENT IN MARKETABLE SECURITIES (Tables)	3 Months Ended	9 Months Ended
	Jul. 31, 2015	Apr. 30, 2015
Gainey Shares to be Released [Table Text Block]	% of Shares to be Released Date of Release 5% October 2, 2013 5% April 2, 2014 10% October 2, 2014 10% April 2, 2015 15% October 2, 2015 15% April 2, 2016 40% October 2, 2016
Available-for-sale Securities [Table Text Block]	Cost Unrealized Gain Realized (Losses) Market or Fair Value Equity $ 800,000 $ - - $ (553,494 ) $ 246,506 Total $ 800,000 $ - - $ (553,494 ) $ 246,506	Cost Unrealized Gain Realized (Losses) Market or Fair Value Equity $ 800,000 $ - - $ (528,000 ) $ 272,000 Total $ 800,000 $ - - $ (528,000 ) $ 272,000

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Jul. 31, 2015
Schedule of Property, Plant and Equipment [Table Text Block]	As of As of July 31, 2015 April 30, 2015 Process, lab and office equipment $ 406,316 $ 406,316 Less: accumulated depreciation (256,933 ) (239,492 ) $ 149,383 $ 166,824

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Jul. 31, 2015
Schedule of Lease Obligation [Table Text Block]	Fiscal year ending April 30, 2016 $ 60,908 Fiscal year ending April 30, 2017 $ 44,616 Fiscal year ending April 30, 2018 $ 21,008 Fiscal year ending April 30, 2019 $ - Fiscal year ending April 30, 2020 $ -

DESCRIPTION OF BUSINESS, HIST25

DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES (Narrative) (Details) - 3 months ended Jul. 31, 2015	USD ($)yr$ / sharesshares
Description Of Business, History And Summary Of Significant Policies 1 | shares	32,183,326
Description Of Business, History And Summary Of Significant Policies 2 | shares	23,500,000
Description Of Business, History And Summary Of Significant Policies 3 | $ / shares	$ 0.001
Description Of Business, History And Summary Of Significant Policies 4	$ 23,500
Description Of Business, History And Summary Of Significant Policies 5	69.70%
Description Of Business, History And Summary Of Significant Policies 6	$ 17,825,264
Description Of Business, History And Summary Of Significant Policies 7	1,580,270
Description Of Business, History And Summary Of Significant Policies 8	226,204
Description Of Business, History And Summary Of Significant Policies 9	136,065
Description Of Business, History And Summary Of Significant Policies 10	238,073
Description Of Business, History And Summary Of Significant Policies 11	$ 174,506
Description Of Business, History And Summary Of Significant Policies 12	3
Description Of Business, History And Summary Of Significant Policies 13 | yr	10
Description Of Business, History And Summary Of Significant Policies 14	$ 15,798
Description Of Business, History And Summary Of Significant Policies 15	$ 14,761
Description Of Business, History And Summary Of Significant Policies 16	159,785,129
Description Of Business, History And Summary Of Significant Policies 17	154,985,129

SCOTTSDALE FACILITY AGREEMENT (

SCOTTSDALE FACILITY AGREEMENT (Narrative) (Details) - 3 months ended Jul. 31, 2015 - USD ($)	Total
Scottsdale Facility Agreement 1	$ 150,000
Scottsdale Facility Agreement 2	6.00%
Scottsdale Facility Agreement 3	$ 0.05
Scottsdale Facility Agreement 4	$ 0.10
Scottsdale Facility Agreement 5	1.00%
Scottsdale Facility Agreement 6	$ 10,000
Scottsdale Facility Agreement 7	$ 250,000
Scottsdale Facility Agreement 8	15.00%
Scottsdale Facility Agreement 9	$ 287,500
Scottsdale Facility Agreement 10	329,000
Scottsdale Facility Agreement 11	329,000
Scottsdale Facility Agreement 12	$ 110,000

INVESTMENT IN MARKETABLE SECU27

INVESTMENT IN MARKETABLE SECURITIES (Narrative) (Details) - 3 months ended Jul. 31, 2015	USD ($)$ / sharesshares
Investment In Marketable Securities 1	$ 983,055
Investment In Marketable Securities 2 | shares	2,000,000
Investment In Marketable Securities 3 | shares	400,000
Investment In Marketable Securities 4	$ 49,747
Investment In Marketable Securities 5 | shares	400,000
Investment In Marketable Securities 6	$ 200,000
Investment In Marketable Securities 7	150,253
Investment In Marketable Securities 8	246,506
Investment In Marketable Securities 9	$ 272,000
Investment In Marketable Securities 10	1,600,000
Investment In Marketable Securities 11	$ 0.154
Investment In Marketable Securities 12 | $ / shares	$ 0.17
Investment In Marketable Securities 13	30.00%
Investment In Marketable Securities 14	20.00%

PROPERTY AND EQUIPMENT (Narrati

PROPERTY AND EQUIPMENT (Narrative) (Details)	3 Months Ended
	Jul. 31, 2015USD ($)
Property And Equipment 1	$ 17,441
Property And Equipment 2	$ 20,991

INTELLECTUAL PROPERTY (Narrativ

INTELLECTUAL PROPERTY (Narrative) (Details) - 3 months ended Jul. 31, 2015 - USD ($)	Total
Intellectual Property 1	7,980,493
Intellectual Property 2	3.75%
Intellectual Property 3	$ 159,610
Intellectual Property 4	$ 0.02
Intellectual Property 5	$ 159,610

ACCOUNTS PAYABLE - RELATED PA30

ACCOUNTS PAYABLE - RELATED PARTIES (Narrative) (Details)	3 Months Ended
	Jul. 31, 2015USD ($)
Accounts Payable - Related Parties 1	$ 282,321
Accounts Payable - Related Parties 2	$ 266,734

LOANS PAYABLE (Narrative) (Deta

LOANS PAYABLE (Narrative) (Details) - 3 months ended Jul. 31, 2015 - USD ($)	Total
Loans Payable 1	$ 248,030
Loans Payable 2	6.00%
Loans Payable 3	12.00%
Loans Payable 4	$ 76,835
Loans Payable 5	$ 70,762

LOANS PAYABLE AND ACCRUED INT32

LOANS PAYABLE AND ACCRUED INTEREST RELATED PARTY (Narrative) (Details) - 3 months ended Jul. 31, 2015 - USD ($)	Total
Loans Payable And Accrued Interest Related Party 1	$ 508,000
Loans Payable And Accrued Interest Related Party 2	$ 373,000
Loans Payable And Accrued Interest Related Party 3	10.00%
Loans Payable And Accrued Interest Related Party 4	$ 154,012
Loans Payable And Accrued Interest Related Party 5	$ 141,935

NOTES PAYABLE (Narrative) (Deta

NOTES PAYABLE (Narrative) (Details) - 3 months ended Jul. 31, 2015 - USD ($)	Total
Notes Payable 1	$ 50,000
Notes Payable 2	6.00%

COMMITMENTS AND CONTINGENCIES34

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) - 3 months ended Jul. 31, 2015	USD ($)dshares
Commitments And Contingencies 1	$ 34,484
Commitments And Contingencies 2	34,213
Commitments And Contingencies 3	108,581
Commitments And Contingencies 4	56,358
Commitments And Contingencies 5	52,223
Commitments And Contingencies 6	70,000
Commitments And Contingencies 7	5,000
Commitments And Contingencies 8	$ 5,000
Commitments And Contingencies 9 | d	90
Commitments And Contingencies 10	$ 7,000
Commitments And Contingencies 11 | d	90
Commitments And Contingencies 12	$ 7,000
Commitments And Contingencies 13	$ 9,000
Commitments And Contingencies 14 | d	90
Commitments And Contingencies 15 | d	3
Commitments And Contingencies 16	$ 78,969
Commitments And Contingencies 17	$ 46,000
Commitments And Contingencies 18	1,254,859
Commitments And Contingencies 19 | shares	1,000,000

STOCKHOLDERS EQUITY (Narrative)

STOCKHOLDERS EQUITY (Narrative) (Details)	3 Months Ended
	Jul. 31, 2015shares
Stockholders Equity 1	228,793,634

STOCK OPTIONS AND WARRANTS (Nar

STOCK OPTIONS AND WARRANTS (Narrative) (Details) - 3 months ended Jul. 31, 2015 - $ / shares	Total
Stock Options And Warrants 1	23,020,000
Stock Options And Warrants 2	$ 0.10
Stock Options And Warrants 3	26,100,000
Stock Options And Warrants 4	133,685,129

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details)	3 Months Ended
	Jul. 31, 2015USD ($)
Related Party Transactions 1	$ 50,000
Related Party Transactions 2	$ 51,000

Schedule of Fair Value of Separ

Schedule of Fair Value of Separate Accounts by Major Category of Investment (Details) - USD ($)	3 Months Ended	9 Months Ended
	Jul. 31, 2015	Apr. 30, 2015
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 1	$ 246,506
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 2	0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 3	246,506
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 4	0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 5	246,506
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 6	0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 7	246,506
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 8	$ 0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 1		$ 272,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 2		0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 3		272,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 4		0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 5		272,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 6		0
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 7		272,000
Description Of Business, History And Summary Of Significant Policies Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment 8		$ 0

Gainey Shares to be Released (D

Gainey Shares to be Released (Details)	3 Months Ended
	Jul. 31, 2015
Investment In Marketable Securities Gainey Shares To Be Released 1	5.00%
Investment In Marketable Securities Gainey Shares To Be Released 2	5.00%
Investment In Marketable Securities Gainey Shares To Be Released 3	10.00%
Investment In Marketable Securities Gainey Shares To Be Released 4	10.00%
Investment In Marketable Securities Gainey Shares To Be Released 5	15.00%
Investment In Marketable Securities Gainey Shares To Be Released 6	15.00%
Investment In Marketable Securities Gainey Shares To Be Released 7	40.00%

Available-for-sale Securities (

Available-for-sale Securities (Details) - USD ($)	3 Months Ended	9 Months Ended
	Jul. 31, 2015	Apr. 30, 2015
Investment In Marketable Securities Available-for-sale Securities 1	$ 800,000
Investment In Marketable Securities Available-for-sale Securities 2	0
Investment In Marketable Securities Available-for-sale Securities 3	(553,494)
Investment In Marketable Securities Available-for-sale Securities 4	246,506
Investment In Marketable Securities Available-for-sale Securities 5	800,000
Investment In Marketable Securities Available-for-sale Securities 6	0
Investment In Marketable Securities Available-for-sale Securities 7	(553,494)
Investment In Marketable Securities Available-for-sale Securities 8	$ 246,506
Investment In Marketable Securities Available-for-sale Securities 1		$ 800,000
Investment In Marketable Securities Available-for-sale Securities 2		0
Investment In Marketable Securities Available-for-sale Securities 3		(528,000)
Investment In Marketable Securities Available-for-sale Securities 4		272,000
Investment In Marketable Securities Available-for-sale Securities 5		800,000
Investment In Marketable Securities Available-for-sale Securities 6		0
Investment In Marketable Securities Available-for-sale Securities 7		(528,000)
Investment In Marketable Securities Available-for-sale Securities 8		$ 272,000

Schedule of Property, Plant and

Schedule of Property, Plant and Equipment (Details)	3 Months Ended
	Jul. 31, 2015USD ($)
Property And Equipment Schedule Of Property, Plant And Equipment 1	$ 406,316
Property And Equipment Schedule Of Property, Plant And Equipment 2	406,316
Property And Equipment Schedule Of Property, Plant And Equipment 3	(256,933)
Property And Equipment Schedule Of Property, Plant And Equipment 4	(239,492)
Property And Equipment Schedule Of Property, Plant And Equipment 5	149,383
Property And Equipment Schedule Of Property, Plant And Equipment 6	$ 166,824

Schedule of Lease Obligation (D

Schedule of Lease Obligation (Details)	3 Months Ended
	Jul. 31, 2015USD ($)
Commitments And Contingencies Schedule Of Lease Obligation 1	$ 60,908
Commitments And Contingencies Schedule Of Lease Obligation 2	44,616
Commitments And Contingencies Schedule Of Lease Obligation 3	21,008
Commitments And Contingencies Schedule Of Lease Obligation 4	0
Commitments And Contingencies Schedule Of Lease Obligation 5	$ 0