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
Expires: July 31, 2015
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
ACADIAN ASSET MANAGEMENT INC COM 10948W103 315,402,264 8,950,121 SH SOLE 8,950,121 0 0
AGNICO EAGLE MINES LTD COM 008474108 93,188,910 783,561 SH SOLE 783,561 0 0
ALPHABET INC CAP STK CL C 02079K107 1,596,510 9,000 SH SOLE 9,000 0 0
BAUSCH HEALTH COS INC COM 071734107 218,392,735 32,791,702 SH SOLE 32,791,702 0 0
EQUINOX GOLD CORP COM 29446Y502 14,375,000 2,500,000 SH SOLE 2,500,000 0 0
IAMGOLD CORP COM 450913108 13,597,500 1,850,000 SH SOLE 1,850,000 0 0
HONEYWELL INTL INC COM 438516106 46,576,000 200,000 SH SOLE 200,000 0 0
INTERNATIONAL TOWER HILL MIN COM 46050R102 60,089,796 70,239,388 SH SOLE 70,239,388 0 0
JUNIPER NETWORKS INC COM 48203R104 9,982,500 250,000 SH SOLE 250,000 0 0
MADRIGAL PHARMACEUTICALS INC COM 558868105 632,373,241 2,089,523 SH SOLE 2,089,523 0 0
NOVAGOLD RES INC COM NEW 66987E206 111,403,669 27,238,061 SH SOLE 27,238,061 0 0
PERPETUA RESOURCES CORP COM 714266103 392,696,210 32,347,299 SH SOLE 32,347,299 0 0
SEABRIDGE GOLD INC COM 811916105 30,056,400 2,070,000 SH SOLE 2,070,000 0 0
THRYV HLDGS INC COM NEW 886029206 52,044,800 4,280,000 SH SOLE 4,280,000 0 0
TRILOGY METALS INC NEW COM 89621C105 19,341,445 14,326,996 SH SOLE 14,326,996 0 0