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
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
1-800-Flowers.com Inc. COM 68243Q106 2,363 101,108 SH   SOLE   101,108 0 0
3M Company COM 88579Y101 979 5,510 SH   SOLE   5,510 0 0
AZZ Incorporated COM 002474104 227 4,100 SH   SOLE   4,100 0 0
AbbVie Inc. COM 00287Y109 7,724 57,045 SH   SOLE   57,045 0 0
Allstate Corporation COM 020002101 274 2,325 SH   SOLE   2,325 0 0
Alphabet Cl C COM 02079K305 208 72 SH   SOLE   72 0 0
Amazon.com COM 023135106 810 243 SH   SOLE   243 0 0
Apple Inc. COM 037833100 391 2,200 SH   SOLE   2,200 0 0
AutoZone, Inc. COM 053332102 545 260 SH   SOLE   260 0 0
Berkshire Hathaway COM 084670108 4,056 9 SH   SOLE   9 0 0
Berkshire Hathaway Cl B COM 084670702 4,787 16,010 SH   SOLE   16,010 0 0
Bristol-Myers Squibb Company COM 110122108 3,319 53,225 SH   SOLE   53,225 0 0
CACI International COM 127190304 868 3,225 SH   SOLE   3,225 0 0
Caterpillar COM 149123101 334 1,615 SH   SOLE   1,615 0 0
Cheniere Energy, Inc. COM 16411R208 2,999 29,575 SH   SOLE   29,575 0 0
Columbia Sportswear COM 198516106 356 3,650 SH   SOLE   3,650 0 0
ConocoPhillips Company COM 718507BK1 5,526 76,560 SH   SOLE   76,560 0 0
Coterra Energy Inc. COM 127097103 4,058 213,571 SH   SOLE   213,571 0 0
EOG Resources, Inc. COM 26875P101 3,658 41,180 SH   SOLE   41,180 0 0
FRMO Corporation COM 30262F205 543 42,783 SH   SOLE   42,783 0 0
Helmerich & Payne Inc. COM 423452101 1,125 47,487 SH   SOLE   47,487 0 0
Intel Corp COM 458140100 5,379 104,441 SH   SOLE   104,441 0 0
International Business Machine COM 459200101 6,515 48,743 SH   SOLE   48,743 0 0
Johnson & Johnson COM 478160104 7,263 42,456 SH   SOLE   42,456 0 0
Kinder Morgan, Inc. COM 49456B101 2,824 178,035 SH   SOLE   178,035 0 0
Merck & Co. COM 58933Y105 3,095 40,378 SH   SOLE   40,378 0 0
Mesabi Trust Ctfs COM 590672101 10,717 405,646 SH   SOLE   405,646 0 0
Oracle Corp COM 68389X105 4,577 52,485 SH   SOLE   52,485 0 0
Organon & Co. COM 68622V106 2,667 87,580 SH   SOLE   87,580 0 0
Pfizer, Inc COM 717081103 3,987 67,520 SH   SOLE   67,520 0 0
Pure Cycle Corporation COM 746228303 255 17,500 SH   SOLE   17,500 0 0
Surface Oncology Inc. COM 86877M100 48 10,000 SH   SOLE   10,000 0 0
Texas Pacific Land Corporation COM 882610108 14,105 11,294 SH   SOLE   11,294 0 0
Timken Company COM 887389104 1,112 16,050 SH   SOLE   16,050 0 0
Viatris COM 92556V106 4,021 297,227 SH   SOLE   297,227 0 0
Bristol-Myers Squibb Contingen RTS 110122157 0 215,300 SH   SOLE   215,300 0 0
ABB Ltd ADR 000375204 4,694 122,975 SH   SOLE   122,975 0 0
Autoliv, Inc. ADR 052800109 6,419 62,076 SH   SOLE   62,076 0 0
Banco Latinoamericano de Expor ADR P16994132 7,241 436,211 SH   SOLE   436,211 0 0
Franco-Nevada Coporation ADR 351858105 6,949 50,252 SH   SOLE   50,252 0 0
Investor AB 'B' ORD W48102128 13,240 525,382 SH   SOLE   525,382 0 0
Koninklijke Philips NV ADR 500472303 2,299 62,401 SH   SOLE   62,401 0 0
Nestle S.A. ADR 641069406 6,501 46,313 SH   SOLE   46,313 0 0
Pershing Square Holdings ADR G7016V101 803 19,500 SH   SOLE   19,500 0 0
Pilot Corporation ORD J6378K106 4,416 115,700 SH   SOLE   115,700 0 0
Royal Dutch Shell Cl B ADR 780259107 2,145 49,480 SH   SOLE   49,480 0 0
Siemens AG ADR 826197501 4,210 48,616 SH   SOLE   48,616 0 0
Siemens Energy AG ORD D6T47E106 2,952 115,780 SH   SOLE   115,780 0 0
Wheaton Precious Metals Corp ADR 962879102 2,709 63,105 SH   SOLE   63,105 0 0