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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
ALAMOS GOLD INC NEW COM CL A 011532108 33,541 6,602,237 SH   SOLE   6,602,237 0 0
ALIO GOLD INC COM 01627X108 917 1,262,062 SH   SOLE   1,262,062 0 0
ASANKO GOLD INC COM 04341Y105 12,508 19,873,138 SH   SOLE   19,873,138 0 0
BARRICK GOLD CORPORATION COM 067901108 5,366 391,415 SH   SOLE   391,415 0 0
ELDORADO GOLD CORP NEW COM 284902509 3,864 835,737 SH   SOLE   835,737 0 0
IAMGOLD CORP COM 450913108 16,073 4,633,046 SH   SOLE   4,633,046 0 0
MAG SILVER CORP COM 55903q104 5,859 547,993 SH   SOLE   547,993 0 0
PRETIUM RES INC COM 74139c102 8,082 944,453 SH   SOLE   944,453 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 889,245 7,288,300 SH Put SOLE   7,288,300 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 212,859 1,744,600 SH Call SOLE   1,744,600 0 0
SSR MNG INC COM 784730103 11,295 892,166 SH   SOLE   892,166 0 0
VISTA GOLD CORP COM NEW 927926303 12,708 18,622,544 SH   SOLE   18,622,544 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 3,234 135,689 SH   SOLE   135,689 0 0