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

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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 43,938 5,031,294 SH   SOLE   5,031,294 0 0
B2GOLD CORP COM 11777Q209 18,362 3,279,219 SH   SOLE   3,279,219 0 0
GALIANO GOLD INC COM 36352H100 26,636 23,718,489 SH   SOLE   23,718,489 0 0
GOLD STD VENTURES CORP COM 380738104 12,287 17,192,600 SH   SOLE   17,192,600 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 14,646 354,565 SH   SOLE   354,565 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 28,501 2,249,943 SH   SOLE   2,249,943 0 0
PRETIUM RES INC COM 74139c102 23,157 2,021,044 SH   SOLE   2,021,044 0 0
SPROTT INC COM NEW 852066208 15,352 528,919 SH   SOLE   528,919 0 0
SSR MNG INC COM 784730103 14,539 722,955 SH   SOLE   722,955 0 0
VISTA GOLD CORP COM NEW 927926303 20,112 18,622,544 SH   SOLE   18,622,544 0 0