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
Estimated average burden
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
AGNICO EAGLE MINES LTD COM 008474108   5,440,736 99,193 SH   SOLE   35,403 0 63,790
ALAMOS GOLD INC NEW COM CL A 011532108   3,124,272 231,943 SH   SOLE   195,900 0 36,043
AMERISERV FINL INC COM 03074A102   888,276 274,583 SH   SOLE   274,583 0 0
AMREP CORP COM 032159105   1,558,772 70,950 SH   SOLE   70,950 0 0
BUILD-A-BEAR WORKSHOP INC COM 120076104   6,353,401 276,355 SH   SOLE   276,355 0 0
BRT APARTMENTS CORP COM 055645303   6,255,293 336,487 SH   SOLE   200,404 0 136,083
BV FINL INC COM NEW 05603E208   2,127,000 150,000 SH   SOLE   150,000 0 0
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101   639,131 33,375 SH   SOLE   6,060 0 27,315
CLIPPER RLTY INC COM 18885T306   521,602 96,593 SH   SOLE   96,593 0 0
CENTRAL PLAINS BANCSHARES IN COM 15486W100   1,785,000 175,000 SH   SOLE   175,000 0 0
CISCO SYS INC COM 17275R102   4,421,308 87,516 SH   SOLE   21,685 0 65,831
CULLMAN BANCORP INC COM 230153108   269,250 25,000 SH   SOLE   25,000 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C201   3,445,000 265,000 SH   SOLE   265,000 0 0
ECB BANCORP INC COM 26828M106   690,800 55,000 SH   SOLE   55,000 0 0
EMX RTY CORP COM 26873J107   481,770 299,236 SH   SOLE   248,636 0 50,600
ENGLOBAL CORP COM NEW 293306205   101,089 59,675 SH   SOLE   59,675 0 0
EQUINOX GOLD CORP COM 29446Y502   1,000,010 204,723 SH   SOLE   179,357 0 25,366
ESSA BANCORP INC COM 29667D104   1,725,224 86,175 SH   SOLE   86,175 0 0
FIRST HORIZON CORPORATION COM 320517105   566,400 40,000 SH   SOLE   40,000 0 0
FRP HLDGS INC COM 30292L107   2,935,490 46,684 SH   SOLE   46,674 0 10
VANECK ETF TRUST GOLD MINERS ETF 92189F106   485,462 15,655 SH   SOLE   0 0 15,655
SPDR GOLD TR GOLD SHS 78463V107   4,363,073 22,823 SH   SOLE   200 0 22,623
GREAT LAKES DREDGE & DOCK CO COM 390607109   3,030,528 394,600 SH   SOLE   394,600 0 0
CORNING INC COM 219350105   3,124,809 102,621 SH   SOLE   25,015 0 77,606
ALPHABET INC CAP STK CL A 02079K305   712,419 5,100 SH   SOLE   4,800 0 300
HECLA MNG CO COM 422704106   1,355,434 281,795 SH   SOLE   222,810 0 58,985
HOMETRUST BANCSHARES INC COM 437872104   1,437,743 53,408 SH   SOLE   52,708 0 700
HURCO CO COM 447324104   6,179,713 287,028 SH   SOLE   234,142 0 52,886
INTEL CORP COM 458140100   4,119,495 81,980 SH   SOLE   23,400 0 58,580
IF BANCORP INC COM 44951J105   710,931 44,350 SH   SOLE   44,350 0 0
MCEWEN MNG INC COM NEW 58039P305   166,385 23,077 SH   SOLE   1,098 0 21,979
NB BANCORP INC COM 63945M107   914,587 67,999 SH   SOLE   67,999 0 0
NEWMONT CORP COM 651639106   2,462,084 59,485 SH   SOLE   56,457 0 3,028
NEW GOLD INC CDA COM 644535106   1,236,430 846,870 SH   SOLE   762,020 0 84,850
ORION S.A. COM L72967109   1,835,726 66,200 SH   SOLE   66,200 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101   2,243,189 156,395 SH   SOLE   140,300 0 16,095
PATHFINDER BANCORP INC MD COM 70319R109   1,284,969 91,718 SH   SOLE   91,718 0 0
PFIZER INC COM 717081103   4,156,124 144,360 SH   SOLE   36,845 0 107,515
SPROTT PHYSICAL GOLD TR UNIT 85207H104   310,635 19,500 SH   SOLE   19,500 0 0
RICHMOND MUT BANCORPORATION COM 76525P100   460,400 40,000 SH   SOLE   40,000 0 0
SANDSTORM GOLD LTD COM NEW 80013R206   1,071,340 212,990 SH   SOLE   178,010 0 34,980
SOUND FINL BANCORP INC COM 83607A100   1,401,855 35,945 SH   SOLE   35,945 0 0
SILVERCREST METALS INC COM 828363101   1,004,547 152,405 SH   SOLE   120,395 0 32,010
SEACOR MARINE HLDGS INC COM 78413P101   7,431,235 590,249 SH   SOLE   210,730 0 379,519
SERVOTRONICS INC COM 817732100   1,259,088 100,727 SH   SOLE   100,727 0 0
TAYLOR DEVICES INC COM 877163105   2,779,395 125,594 SH   SOLE   125,594 0 0
TC BANCSHARES INC COM 87224V108   593,830 43,000 SH   SOLE   43,000 0 0
TEXAS COMMUNITY BANCSHARES I COM 88231Q108   769,056 54,485 SH   SOLE   54,485 0 0
TIDEWATER INC NEW COM 88642R109   387,952 5,380 SH   SOLE   0 0 5,380
TRINITY PL HLDGS INC COM 89656D101   68,378 616,014 SH   SOLE   616,014 0 0
TEJON RANCH CO COM 879080109   2,218,473 128,981 SH   SOLE   128,981 0 0
U HAUL HOLDING COMPANY COM 023586100   448,391 6,245 SH   SOLE   2,805 0 3,440
U HAUL HOLDING COMPANY COM SER N 023586506   3,490,513 49,553 SH   SOLE   18,375 0 31,178
WILLIAM PENN BANCORPORATION COM 96927A105   1,831,500 150,000 SH   SOLE   150,000 0 0