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       <nameOfIssuer>B2GOLD CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>11777Q209</cusip>
       <value>2687</value>
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           <Sole>1077061</Sole>
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       <nameOfIssuer>DENISON MINES CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>248356107</cusip>
       <value>1850</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1673700</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
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           <Sole>1673700</Sole>
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           <None>0</None>
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       <nameOfIssuer>FRANCO NEVADA CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>351858105</cusip>
       <value>697</value>
       <shrsOrPrnAmt>
           <sshPrnamt>15370</sshPrnamt>
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           <Sole>15370</Sole>
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           <None>0</None>
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   <infoTable>
       <nameOfIssuer>MAG SILVER CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>55903Q104</cusip>
       <value>1772</value>
       <shrsOrPrnAmt>
           <sshPrnamt>300482</sshPrnamt>
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           <Sole>300482</Sole>
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           <None>0</None>
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       <nameOfIssuer>QUATERRA RES INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>747952109</cusip>
       <value>524</value>
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           <sshPrnamt>3527113</sshPrnamt>
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           <Sole>3527113</Sole>
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           <None>0</None>
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       <nameOfIssuer>A H BELO CORP</nameOfIssuer>
       <titleOfClass>COM CL A</titleOfClass>
       <cusip>001282102</cusip>
       <value>341</value>
       <shrsOrPrnAmt>
           <sshPrnamt>43427</sshPrnamt>
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           <Sole>43427</Sole>
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           <None>0</None>
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   <infoTable>
       <nameOfIssuer>ALLIED NEVADA GOLD CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>019344100</cusip>
       <value>240</value>
       <shrsOrPrnAmt>
           <sshPrnamt>57300</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
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       <votingAuthority>
           <Sole>57300</Sole>
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           <None>0</None>
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   <infoTable>
       <nameOfIssuer>AURICO GOLD INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>05155C105</cusip>
       <value>1466</value>
       <shrsOrPrnAmt>
           <sshPrnamt>384695</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
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       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>384695</Sole>
           <Shared>0</Shared>
           <None>0</None>
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   <infoTable>
       <nameOfIssuer>CAMECO CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>13321L108</cusip>
       <value>931</value>
       <shrsOrPrnAmt>
           <sshPrnamt>51534</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
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       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>51534</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
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   <infoTable>
       <nameOfIssuer>KINROSS GOLD CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>496902404</cusip>
       <value>253</value>
       <shrsOrPrnAmt>
           <sshPrnamt>50000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>50000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
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       <nameOfIssuer>NEW GOLD INC CDA</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>644535106</cusip>
       <value>1196</value>
       <shrsOrPrnAmt>
           <sshPrnamt>200000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>200000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PAN AMERICAN SILVER CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>697900108</cusip>
       <value>1218</value>
       <shrsOrPrnAmt>
           <sshPrnamt>115411</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
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       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>115411</Sole>
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           <None>0</None>
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       <nameOfIssuer>POINTS INTL LTD</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>730843208</cusip>
       <value>4341</value>
       <shrsOrPrnAmt>
           <sshPrnamt>187828</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>187828</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>STONE ENERGY CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>861642106</cusip>
       <value>1582</value>
       <shrsOrPrnAmt>
           <sshPrnamt>48771</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>48771</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>UR ENERGY INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>91688R108</cusip>
       <value>370</value>
       <shrsOrPrnAmt>
           <sshPrnamt>318756</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>318756</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>URANERZ ENERGY CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>91688T104</cusip>
       <value>276</value>
       <shrsOrPrnAmt>
           <sshPrnamt>290519</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>290519</Sole>
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           <None>0</None>
       </votingAuthority>
   </infoTable>
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       <nameOfIssuer>URANIUM RES INC</nameOfIssuer>
       <titleOfClass>COM PAR$0.001NEW</titleOfClass>
       <cusip>916901606</cusip>
       <value>414</value>
       <shrsOrPrnAmt>
           <sshPrnamt>168913</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>168913</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>VISTA GOLD CORP</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>927926303</cusip>
       <value>419</value>
       <shrsOrPrnAmt>
           <sshPrnamt>908765</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
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       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>908765</Sole>
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           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>YAMANA GOLD INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>98462Y100</cusip>
       <value>1317</value>
       <shrsOrPrnAmt>
           <sshPrnamt>126620</sshPrnamt>
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       <votingAuthority>
           <Sole>126620</Sole>
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           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>HECLA MNG CO</nameOfIssuer>
       <titleOfClass>CALL</titleOfClass>
       <cusip>422704906</cusip>
       <value>18</value>
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           <sshPrnamt>2000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
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           <Sole>2000</Sole>
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       <nameOfIssuer>NEW GOLD INC CDA</nameOfIssuer>
       <titleOfClass>CALL</titleOfClass>
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       <value>91</value>
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           <Sole>3500</Sole>
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           <None>0</None>
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       <nameOfIssuer>KINDER MORGAN INC DEL</nameOfIssuer>
       <titleOfClass>*W EXP 05/25/201</titleOfClass>
       <cusip>49456B119</cusip>
       <value>497</value>
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           <sshPrnamt>100000</sshPrnamt>
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       <votingAuthority>
           <Sole>100000</Sole>
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           <None>0</None>
       </votingAuthority>
   </infoTable>
</informationTable>
