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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALCOA CORP COM 013872106   4,375,805 129,500 SH   SOLE   0 0 0
AGNICO EAGLE MINES LTD COM 008474108   1,193,000 20,000 SH   SOLE   0 0 0
BUCKLE INC COM 118440106   8,054,000 200,000 SH   SOLE   0 0 0
CENTURY ALUM CO COM 156431108   10,849,950 705,000 SH   SOLE   0 0 0
CINEMARK HLDGS INC COM 17243V102   1,886,850 105,000 SH   SOLE   0 0 0
DELTA AIR LINES INC DEL COM NEW COM NEW 247361702   5,559,047 116,128 SH   SOLE   0 0 0
DEVON ENERGY CORP NEW COM 25179M103   5,519,800 110,000 SH   SOLE   0 0 0
ERO COPPER CORP COM 296006109   38,733,557 2,008,000 SH   SOLE   0 0 0
GENERAL MTRS CO COM 37045V100   3,174,500 70,000 SH   SOLE   0 0 0
DIREXION SHS ETF TR OIL GAS BL 2X SH OIL GAS BL 2X SH 25460G500   5,741,400 140,000 SH   SOLE   0 0 0
HARLEY DAVIDSON INC COM 412822108   3,936,600 90,000 SH   SOLE   0 0 0
KIRBY CORP COM 497266106   2,383,000 25,000 SH   SOLE   0 0 0
LIBERTY ENERGY INC COM CL A COM CL A 53115L104   3,936,800 190,000 SH   SOLE   0 0 0
MARATHON OIL CORP COM 565849106   2,125,500 75,000 SH   SOLE   0 0 0
NEW GOLD INC CDA COM 644535106   1,700,000 1,000,000 SH   SOLE   0 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101   1,805,854 110,000 SH   SOLE   0 0 0
RIO TINTO PLC SPONSORED ADR SPONSORED ADR 767204100   4,780,500 75,000 SH   SOLE   0 0 0
WEST FRASER TIMBER CO LTD COM 952845105   5,182,498 60,000 SH   SOLE   0 0 0