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 320 26,400 SH   SOLE   26,400 0 0
ALDERON IRON ORE CORP COM 01434T100 170 107,625 SH   SOLE   107,625 0 0
ALMADEN MINERALS LTD COM 020283107 266 227,650 SH   SOLE   227,650 0 0
B2GOLD CORP COM 11777Q209 16,425 8,003,627 SH   SOLE   8,003,627 0 0
Denison Mine Corp COM 248356107 216 177,500 SH   SOLE   177,500 0 0
EURASIAN MINERALS INC COM 29843R100 3,899 3,799,413 SH   SOLE   3,799,413 0 0
FORTUNA SILVER MINES INC COM 349915108 23,555 8,203,612 SH   SOLE   8,203,612 0 0
GRAN TIERRA ENERGY COM 38500T101 3,654 500,867 SH   SOLE   500,867 0 0
MAG SILVER CORP COM 55903Q104 39,618 7,651,671 SH   SOLE   7,651,671 0 0
Sandstorm Gold LTD COM 80013R206 8,754 2,025,912 SH   SOLE   2,025,912 0 0
Silvercrest Mines Inc COM 828365106 372 218,260 SH   SOLE   218,260 0 0
TAHOE RESOURCES INC COM 873868103 27,463 1,650,994 SH   SOLE   1,650,994 0 0
BERKSHIRE HATHAWAY INC-CL A COM 084670108 18,146 102 SH   SOLE   102 0 0
CENTRALFD CDA CL A ISIN #CA153 COM 153501101 20,209 1,525,188 SH   SOLE   1,525,188 0 0
MRC Global Inc. COM 55345K103 42,724 1,324,367 SH   SOLE   1,324,367 0 0
SPROTT PHYSICAL PLATINUM AND P COM 85207q104 713 82,153 SH   SOLE   82,153 0 0