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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALAMOS GOLD INC COM 011527108 410 26,400 SH   SOLE   26,400 0 0
ALDERON IRON ORE CORP COM 01434T100 160 107,625 SH   SOLE   107,625 0 0
ALMADEN MINERALS LTD COM 020283107 309 227,650 SH   SOLE   227,650 0 0
B2GOLD CORP COM 11777Q209 25,027 10,038,046 SH   SOLE   10,038,046 0 0
Denison Mine Corp COM 248356107 196 177,500 SH   SOLE   177,500 0 0
EURASIAN MINERALS INC COM 29843R100 4,863 4,010,000 SH   SOLE   4,010,000 0 0
FORTUNA SILVER MINES INC COM 349915108 32,655 8,952,445 SH   SOLE   8,952,445 0 0
GRAN TIERRA ENERGY COM 38500T101 35,698 5,033,813 SH   SOLE   5,033,813 0 0
MAG SILVER CORP COM 55903Q104 39,968 6,776,070 SH   SOLE   6,776,070 0 0
Sandstorm Gold LTD COM 80013R206 10,947 2,025,912 SH   SOLE   2,025,912 0 0
Silvercrest Mines Inc COM 828365106 387 218,260 SH   SOLE   218,260 0 0
TAHOE RESOURCES INC COM 873868103 46,146 2,565,651 SH   SOLE   2,565,651 0 0
BERKSHIRE HATHAWAY INC-CL A COM 084670108 22,153 130 SH   SOLE   130 0 0
CENTRALFD CDA CL A ISIN #CA153 COM 153501101 22,569 1,535,327 SH   SOLE   1,535,327 0 0
MRC Global Inc. COM 55345K103 35,493 1,324,367 SH   SOLE   1,324,367 0 0
SPROTT PHYSICAL PLATINUM AND P COM 85207q104 732 82,153 SH   SOLE   82,153 0 0
ULTRA PETROLEUM CORP COM 903914109 23,989 1,166,236 SH   SOLE   1,166,236 0 0