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       <nameOfIssuer>ALLIED NEVADA GOLD CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>019344100</cusip>
       <value>247</value>
       <shrsOrPrnAmt>
           <sshPrnamt>57300</sshPrnamt>
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       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>57300</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
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   <infoTable>
       <nameOfIssuer>AURICO GOLD INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>05155C105</cusip>
       <value>1478</value>
       <shrsOrPrnAmt>
           <sshPrnamt>339695</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>339695</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
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   <infoTable>
       <nameOfIssuer>B2GOLD CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>11777Q209</cusip>
       <value>2341</value>
       <shrsOrPrnAmt>
           <sshPrnamt>862061</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>862061</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
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   <infoTable>
       <nameOfIssuer>CAMECO CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>13321L108</cusip>
       <value>1066</value>
       <shrsOrPrnAmt>
           <sshPrnamt>46534</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>46534</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
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       <nameOfIssuer>DENISON MINES CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>248356107</cusip>
       <value>1806</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1223700</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
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       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>1223700</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
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   <infoTable>
       <nameOfIssuer>ENERGY FUELS INC</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>292671708</cusip>
       <value>25</value>
       <shrsOrPrnAmt>
           <sshPrnamt>2754</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
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       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>2754</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
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   <infoTable>
       <nameOfIssuer>FRANCO NEVADA CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>351858105</cusip>
       <value>707</value>
       <shrsOrPrnAmt>
           <sshPrnamt>15370</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
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       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>15370</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>HECLA MNG CO</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>422704106</cusip>
       <value>1382</value>
       <shrsOrPrnAmt>
           <sshPrnamt>450000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>450000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>KINROSS GOLD CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>496902404</cusip>
       <value>207</value>
       <shrsOrPrnAmt>
           <sshPrnamt>50000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>50000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MAG SILVER CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>55903Q104</cusip>
       <value>1737</value>
       <shrsOrPrnAmt>
           <sshPrnamt>250482</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>250482</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>NEW GOLD INC CDA</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>644535106</cusip>
       <value>878</value>
       <shrsOrPrnAmt>
           <sshPrnamt>180000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>180000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PAN AMERICAN SILVER CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>697900108</cusip>
       <value>1421</value>
       <shrsOrPrnAmt>
           <sshPrnamt>110411</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>110411</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PLATINUM GROUP METALS LTD</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>72765Q205</cusip>
       <value>202</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>POINTS INTL LTD</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>730843208</cusip>
       <value>3601</value>
       <shrsOrPrnAmt>
           <sshPrnamt>140728</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>140728</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>QUATERRA RES INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>747952109</cusip>
       <value>211</value>
       <shrsOrPrnAmt>
           <sshPrnamt>3527113</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>3527113</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>STONE ENERGY CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>861642106</cusip>
       <value>1963</value>
       <shrsOrPrnAmt>
           <sshPrnamt>46771</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>46771</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>UR ENERGY INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>91688R108</cusip>
       <value>409</value>
       <shrsOrPrnAmt>
           <sshPrnamt>263756</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>263756</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>URANERZ ENERGY CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>91688T104</cusip>
       <value>392</value>
       <shrsOrPrnAmt>
           <sshPrnamt>225519</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>225519</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>URANIUM RES INC</nameOfIssuer>
       <titleOfClass>COM PAR$0.001NEW</titleOfClass>
       <cusip>916901606</cusip>
       <value>411</value>
       <shrsOrPrnAmt>
           <sshPrnamt>148913</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>148913</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>VISTA GOLD CORP</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>927926303</cusip>
       <value>364</value>
       <shrsOrPrnAmt>
           <sshPrnamt>703765</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>703765</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>YAMANA GOLD INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>98462Y100</cusip>
       <value>1024</value>
       <shrsOrPrnAmt>
           <sshPrnamt>116620</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>116620</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>HECLA MNG CO</nameOfIssuer>
       <titleOfClass>CALL</titleOfClass>
       <cusip>422704906</cusip>
       <value>23</value>
       <shrsOrPrnAmt>
           <sshPrnamt>2000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>2000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>KINROSS GOLD CORP</nameOfIssuer>
       <titleOfClass>CALL</titleOfClass>
       <cusip>496902904</cusip>
       <value>50</value>
       <shrsOrPrnAmt>
           <sshPrnamt>5000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>5000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>NEW GOLD INC CDA</nameOfIssuer>
       <titleOfClass>CALL</titleOfClass>
       <cusip>644535906</cusip>
       <value>20</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>1000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>KINDER MORGAN INC DEL</nameOfIssuer>
       <titleOfClass>*W EXP 05/25/201</titleOfClass>
       <cusip>49456B119</cusip>
       <value>158</value>
       <shrsOrPrnAmt>
           <sshPrnamt>90000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>90000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
</informationTable>
