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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 20,496 400,000 SH   SOLE   400,000 0 0
ALAMOS GOLD INC COM CL A 011532108 9,068 1,500,000 SH   SOLE   1,500,000 0 0
BARRICK GOLD CORP COM 067901108 18,981 1,200,000 SH   SOLE   1,200,000 0 0
B2GOLD CORP COM 11777Q209 9,137 3,000,000 SH   SOLE   3,000,000 0 0
COMPANIA DE MINAS BUENAVENTURA SAA SPONSORED ADR 204448104 6,668 400,000 SH   SOLE   400,000 0 0
FRANCO NEVADA CORP COM 351858105 5,093 60,000 SH   SOLE   60,000 0 0
GOLD FIELDS LTD COM 38059T106 3,627 670,423 SH   SOLE   670,423 0 0
GOLDEN STAR RES LTD COM 38119T807 3,973 979,521 SH   SOLE   979,521 0 0
IAMGOLD CORP COM 450913108 2,282 675,000 SH   SOLE   675,000 0 0
KINROSS GOLD CORP COM 496902404 3,098 800,000 SH   SOLE   800,000 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 3,238 75,000 SH   SOLE   75,000 0 0
MAG SILVER CORP COM 55903Q104 3,425 325,000 SH   SOLE   325,000 0 0
MAVERIX METALS INC COM 57776F405 4,416 1,000,000 SH   SOLE   1,000,000 0 0
MAVERIX METALS INC COM 57776F405 2,208 500,000 SH   SOLE   500,000 0 0
NEWMONT GOLDCORP CORP COM 651639106 15,388 400,000 SH   SOLE   400,000 0 0
PRETIUM RESOURCES INC COM 74139C102 7,257 725,000 SH   SOLE   725,000 0 0
ROYAL GOLD INC COM 780287108 3,075 30,000 SH   SOLE   30,000 0 0
SSR MNG INC COM 784730103 8,228 600,000 SH   SOLE   600,000 0 0