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
Denison Mine Corp COM 248356107 98 177,500 SH   SOLE   177,500 0 0
EURASIAN MINERALS INC COM 29843R100 1,218 1,484,500 SH   SOLE   1,484,500 0 0
FORTUNA SILVER MINES INC COM 349915108 36,674 5,248,915 SH   SOLE   5,248,915 0 0
MAG SILVER CORP COM 55903Q104 46,666 3,702,375 SH   SOLE   3,702,375 0 0
MOUNTAIN PROVINCE DIAMONDS INC COM 62426E402 543 117,574 SH   SOLE   117,574 0 0
NEVSUNRES LTD ISIN #CA64156L10 COM 64156l101 994 338,800 SH   SOLE   338,800 0 0
Richmont Mines Inc COM 76547T106 1,408 151,775 SH   SOLE   151,775 0 0
TAHOE RESOURCES INC COM 873868103 6,913 461,719 SH   SOLE   461,719 0 0
Atento SA COM L0427L105 17,280 1,939,438 SH   SOLE   1,939,438 0 0
BERKSHIRE HATHAWAY INC-CL A COM 084670108 3,472 16 SH   SOLE   16 0 0
Cabot Oil & Gas Corp COM 127097103 3,725 48,110 SH   SOLE   48,110 0 0
Credicorp LTD COM G2519Y108 16,578 126,540 SH   SOLE   126,540 0 0
EQT Corp COM 26884L109 5,935 88,239 SH   SOLE   88,239 0 0
Memorial Resource Development COM 58605Q109 7,631 480,547 SH   SOLE   480,547 0 0
Range Resources Corp COM 75281A109 10,915 253,012 SH   SOLE   253,012 0 0