The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108 11,462 211,560 SH   SOLE   211,560 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 44,693 2,473,320 SH   SOLE   2,473,320 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 8,179 38,125 SH   SOLE   38,125 0 0
ALTRA INDL MOTION CORP COM 02208R106 1,134 39,155 SH   SOLE   39,155 0 0
AMERICAN EXPRESS CO COM 025816109 240 3,750 SH   SOLE   3,750 0 0
AMERISOURCEBERGEN CORP COM 03073E105 8,471 104,868 SH   SOLE   104,868 0 0
APACHE CORP COM 037411105 19,757 309,331 SH   SOLE   309,331 0 0
ARDMORE SHIPPING CORP COM Y0207T100 712 101,095 SH   SOLE   101,095 0 0
ASANKO GOLD INC COM 04341Y105 420 100,000 SH   SOLE   100,000 0 0
ATWOOD OCEANICS INC COM 050095108 20,571 2,367,206 SH   SOLE   2,367,206 0 0
AVID TECHNOLOGY INC COM 05367P100 14,249 1,794,572 SH   SOLE   1,794,572 0 0
AXALTA COATING SYS LTD COM G0750C108 619 21,910 SH   SOLE   21,910 0 0
B2GOLD CORP COM 11777Q209 42 15,800 SH   SOLE   15,800 0 0
BANRO CORP COM 066800103 16 50,000 SH   SOLE   50,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 40,728 281,910 SH   SOLE   281,910 0 0
BARRETT BILL CORP COM 06846N104 365 65,605 SH   SOLE   65,605 0 0
BRADY CORP CL A 104674106 1,171 33,848 SH   SOLE   33,848 0 0
CAMECO CORP COM 13321L108 342 40,011 SH   SOLE   40,011 0 0
CARDINAL HEALTH INC COM 14149Y108 7,506 96,600 SH   SOLE   96,600 0 0
CISCO SYS INC COM 17275R102 820 25,865 SH   SOLE   25,865 0 0
CLOUD PEAK ENERGY INC COM 18911Q102 1,815 333,705 SH   SOLE   333,705 0 0
COLFAX CORP COM 194014106 34,161 1,086,880 SH   SOLE   1,086,880 0 0
COMSTOCK MNG INC COM 205750102 11,861 32,081,540 SH   SOLE   32,081,540 0 0
CUI GLOBAL INC COM NEW 126576206 1,051 180,285 SH   SOLE   180,285 0 0
CVR PARTNERS LP COM 126633106 526 99,316 SH   SOLE   99,316 0 0
DAVITA INC COM 23918K108 6,565 99,368 SH   SOLE   99,368 0 0
DAWSON GEOPHYSICAL CO NEW COM 239360100 5,951 779,996 SH   SOLE   779,996 0 0
DENBURY RES INC COM NEW 247916208 249 76,975 SH   SOLE   76,975 0 0
DEVON ENERGY CORP NEW COM 25179M103 11,174 253,318 SH   SOLE   253,318 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 638 36,217 SH   SOLE   36,217 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 39,028 1,483,396 SH   SOLE   1,483,396 0 0
DYNAMIC MATLS CORP COM 267888105 13,485 1,265,021 SH   SOLE   1,265,021 0 0
EMERSON ELEC CO COM 291011104 12,704 233,063 SH   SOLE   233,063 0 0
ENSCO PLC SHS CLASS A G3157S106 9,905 1,165,250 SH   SOLE   1,165,250 0 0
ENSTAR GROUP LIMITED SHS G3075P101 36,073 219,326 SH   SOLE   219,326 0 0
ERA GROUP INC COM 26885G109 13,567 1,685,359 SH   SOLE   1,685,359 0 0
ESTERLINE TECHNOLOGIES CORP COM 297425100 764 10,051 SH   SOLE   10,051 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 8,881 125,914 SH   SOLE   125,914 0 0
EXXON MOBIL CORP COM 30231G102 217 2,484 SH   SOLE   2,484 0 0
GENERAL MTRS CO COM 37045V100 32,895 1,035,420 SH   SOLE   1,035,420 0 0
GOLDCORP INC NEW COM 380956409 1,114 67,427 SH   SOLE   67,427 0 0
HALLIBURTON CO COM 406216101 12,069 268,916 SH   SOLE   268,916 0 0
HERITAGE CRYSTAL CLEAN INC COM 42726M106 860 64,755 SH   SOLE   64,755 0 0
INTERGROUP CORP COM 458685104 3,656 150,457 SH   SOLE   150,457 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 14,922 93,939 SH   SOLE   93,939 0 0
ISHARES MSCI HONG KG ETF 464286871 8,728 396,567 SH   SOLE   396,567 0 0
KEY ENERGY SVCS INC COM 492914106 144 3,462,303 SH   SOLE   3,462,303 0 0
LAYNE CHRISTENSEN CO COM 521050104 19,968 2,346,402 SH   SOLE   2,346,402 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 5,583 321,213 SH   SOLE   321,213 0 0
LIBERTY MEDIA CORP DELAWARE COM C MEDIA GRP 531229854 5,805 206,295 SH   SOLE   206,295 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 13,367 400,081 SH   SOLE   400,081 0 0
LOEWS CORP COM 540424108 290 7,058 SH   SOLE   7,058 0 0
LYDALL INC DEL COM 550819106 1,058 20,700 SH   SOLE   20,700 0 0
MANITOWOC INC COM 563571108 7,707 1,609,075 SH   SOLE   1,609,075 0 0
MARKEL CORP COM 570535104 559 602 SH   SOLE   602 0 0
MAXWELL TECHNOLOGIES INC COM 577767106 9,233 1,789,256 SH   SOLE   1,789,256 0 0
MCKESSON CORP COM 58155Q103 14,139 84,790 SH   SOLE   84,790 0 0
NEWPARK RES INC COM PAR $.01NEW 651718504 1,095 148,750 SH   SOLE   148,750 0 0
ORION GROUP HOLDINGS INC COM 68628V308 12,347 1,802,531 SH   SOLE   1,802,531 0 0
PATTERSON UTI ENERGY INC COM 703481101 1,625 72,630 SH   SOLE   72,630 0 0
PHI INC COM NON VTG 69336T205 979 53,893 SH   SOLE   53,893 0 0
PICO HLDGS INC COM NEW 693366205 16,442 1,394,555 SH   SOLE   1,394,555 0 0
PIONEER ENERGY SVCS CORP COM 723664108 7,111 1,760,176 SH   SOLE   1,760,176 0 0
POWELL INDS INC COM 739128106 9,629 240,435 SH   SOLE   240,435 0 0
PROFIRE ENERGY INC COM 74316X101 239 192,601 SH   SOLE   192,601 0 0
RANDGOLD RES LTD ADR 752344309 445 4,444 SH   SOLE   4,444 0 0
READING INTERNATIONAL INC CL A 755408101 2,508 187,878 SH   SOLE   187,878 0 0
REAL IND INC COM 75601W104 480 78,387 SH   SOLE   78,387 0 0
SCHLUMBERGER LTD COM 806857108 8,249 104,893 SH   SOLE   104,893 0 0
SEABRIDGE GOLD INC COM 811916105 24,824 2,250,554 SH   SOLE   2,250,554 0 0
SECOND SIGHT MED PRODS INC COM 81362J100 584 165,900 SH   SOLE   165,900 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464a730 38,868 1,010,599 SH   SOLE   1,010,599 0 0
STONE ENERGY CORP COM NEW 861642304 131 10,988 SH   SOLE   10,988 0 0
SUPERIOR INDS INTL INC COM 868168105 2,100 72,010 SH   SOLE   72,010 0 0
SYNALLOY CP DEL COM 871565107 5,857 615,892 SH   SOLE   615,892 0 0
TOTAL S A SPONSORED ADR 89151E109 472 9,903 SH   SOLE   9,903 0 0
US BANCORP DEL COM NEW 902973304 19,933 464,756 SH   SOLE   464,756 0 0
UNIT CORP COM 909218109 31,102 1,672,142 SH   SOLE   1,672,142 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 16,611 628,496 SH   SOLE   628,496 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 38,205 862,607 SH   SOLE   862,607 0 0
WELLS FARGO & CO NEW COM 949746101 28,664 647,330 SH   SOLE   647,330 0 0
YAMANA GOLD INC COM 98462Y100 126 29,315 SH   SOLE   29,315 0 0