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
AMPLIFY ETF TR AMPLIFY JUNIOR S 032108649 29,125,857 1,052,615 SH SOLE 1,052,615 0 0
COEUR MNG INC COM NEW 192108504 8,581,846 481,315 SH SOLE 481,315 0 0
DAKOTA GOLD CORP *W EXP 03/15/202 46655E118 1,309,541 360,755 SH Call SOLE 360,755 0 0
GLOBAL X FDS GLOBAL X SILVER 37954Y848 28,564,592 342,009 SH SOLE 342,009 0 0
HECLA MNG CO COM 422704106 12,574,267 655,251 SH SOLE 655,251 0 0
INTERNATIONAL TOWER HILL MIN COM 46050R102 53,504,150 28,765,672 SH SOLE 28,765,672 0 0
NOVAGOLD RES INC COM NEW 66987E206 865,854,217 92,902,813 SH SOLE 92,902,813 0 0
PAN AMERN SILVER CORP COM 697900108 11,197,695 216,130 SH SOLE 216,130 0 0
TRILOGY METALS INC NEW COM 89621C105 136,216,434 31,604,741 SH SOLE 31,604,741 0 0