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
ALAMOS GOLD INC NEW COM CL A 011532108 37,428 6,202,665 SH   SOLE   6,202,665 0 0
ALIO GOLD INC COM 01627X108 974 1,262,062 SH   SOLE   1,262,062 0 0
ASANKO GOLD INC COM 04341Y105 15,582 24,578,047 SH   SOLE   24,578,047 0 0
BARRICK GOLD CORPORATION COM 067901108 13,995 887,415 SH   SOLE   887,415 0 0
ELDORADO GOLD CORP NEW COM 284902509 4,858 835,737 SH   SOLE   835,737 0 0
IAMGOLD CORP COM 450913108 15,677 4,633,046 SH   SOLE   4,633,046 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 59,127 4,126,100 SH Call SOLE   4,126,100 0 0
NEWMONT GOLDCORP CORPORATION COM 651639106 8,540 222,000 SH   SOLE   222,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 18,648 140,000 SH   SOLE   140,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,099,846 8,257,100 SH Put SOLE   8,257,100 0 0
SSR MNG INC COM 784730103 12,196 892,166 SH   SOLE   892,166 0 0
VISTA GOLD CORP COM NEW 927926303 14,153 18,622,544 SH   SOLE   18,622,544 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 3,282 135,689 SH   SOLE   135,689 0 0