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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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108   7,499,250 165,000 SH   SOLE   165,000 0 0
ALAMOS GOLD INC NEW COM CL A 011532108   11,290,000 1,000,000 SH   SOLE   1,000,000 0 0
AMERICAS GOLD AND SILVER COR COM 03062D100   1,033,338 2,897,930 SH   SOLE   2,897,930 0 0
ANGLOGOLD ASHANTI PLC COM SHS G0378L100   5,135,000 325,000 SH   SOLE   325,000 0 0
B2GOLD CORP COM 11777Q209   5,780,000 2,000,000 SH   SOLE   2,000,000 0 0
BARRICK GOLD CORP COM 067901108   9,457,500 650,000 SH   SOLE   650,000 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106   6,516,000 600,000 SH   SOLE   600,000 0 0
INTEGRA RES CORP COM 45826T509   3,196,333 3,937,472 SH   SOLE   3,937,472 0 0
ORLA MNG LTD NEW COM 68634K106   21,910,546 6,200,000 SH   SOLE   6,200,000 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870   754,371 14,941 SH   SOLE   14,941 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107   1,714,759 273,043 SH   SOLE   273,043 0 0
SKEENA RES LTD NEW COM 83056P715   3,220,000 700,000 SH   SOLE   700,000 0 0
SSR MINING IN COM 784730103   10,626,674 800,000 SH   SOLE   800,000 0 0
VANECK MERK GOLD TR GOLD TRUST 921078101   400,181 22,369 SH   SOLE   22,369 0 0