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
ELDORADOGOLDCORPNEW COM 284902509 22,675,235 1,114,810 SH SOLE 1,114,810 0 0
GALIANOGOLDINC COM 36352H100 37,260,721 29,322,506 SH SOLE 29,322,506 0 0
GRANTIERRAENERGYINC COM 38500T200 24,315,972 5,097,688 SH SOLE 5,097,688 0 0
I-80GOLDCORP COM 44955L106 6,908,757 11,200,000 SH SOLE 11,200,000 0 0
INTEGRARESCORP COM 45826T509 13,496,144 8,918,051 SH SOLE 8,918,051 0 0
KOSMOSENERGYLTD COM 500688106 32,114,946 18,671,480 SH SOLE 18,671,480 0 0
OSISKODEVELOPMENTCORP COMNEW 68828E809 3,446,957 1,606,335 SH SOLE 1,606,335 0 0
SPROTTPHYSICALSILVERTR TRUNIT 85207K107 18,029,520 1,473,000 SH SOLE 1,473,000 0 0
VIZSLASILVERCORP COMNEW 92859G608 17,688,695 5,991,600 SH SOLE 5,991,600 0 0