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

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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 154 26,400 SH   SOLE   26,400 0 0
Asanko Gold Inc COM 04341Y105 15,010 10,756,767 SH   SOLE   10,756,767 0 0
B2GOLD CORP COM 11777Q209 1,264 848,645 SH   SOLE   848,645 0 0
Denison Mine Corp COM 248356107 141 177,500 SH   SOLE   177,500 0 0
EURASIAN MINERALS INC COM 29843R100 1,194 1,683,200 SH   SOLE   1,683,200 0 0
FORTUNA SILVER MINES INC COM 349915108 24,494 6,499,785 SH   SOLE   6,499,785 0 0
MAG SILVER CORP COM 55903Q104 40,106 6,488,776 SH   SOLE   6,488,776 0 0
MOUNTAIN PROVINCE DIAMONDS INC COM 62426E402 441 117,574 SH   SOLE   117,574 0 0
Richmont Mines Inc COM 76547T106 326 102,000 SH   SOLE   102,000 0 0
Silvercrest Mines Inc COM 828365106 239 218,260 SH   SOLE   218,260 0 0
BERKSHIRE HATHAWAY INC-CL A COM 084670108 6,960 32 SH   SOLE   32 0 0
CENTRALGOLD TRUST TR UNIT ISIN COM 153546106 8,508 211,177 SH   SOLE   211,177 0 0
Cabot Oil & Gas Corp COM 127097103 16,432 556,461 SH   SOLE   556,461 0 0
Cimarex Energy Co. COM 171798101 2,826 24,558 SH   SOLE   24,558 0 0
EQT Corp COM 26884L109 2,406 29,030 SH   SOLE   29,030 0 0
MRC Global Inc. COM 55345K103 948 80,014 SH   SOLE   80,014 0 0
Memorial Resource Development COM 58605Q109 2,228 125,584 SH   SOLE   125,584 0 0
Range Resources Corp COM 75281a109 42,353 813,852 SH   SOLE   813,852 0 0
SPROTT PHYSICAL PLATINUM AND P COM 85207q104 543 67,513 SH   SOLE   67,513 0 0
SPROTT PHYSICAL SILVER TRUST COM 85207K107 4,449 687,616 SH   SOLE   687,616 0 0