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
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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 1,008 78,975 SH   SOLE   78,975 0 0
3M Company COM 88579Y101 1,135 7,622 SH   SOLE   7,622 0 0
AbbVie Inc. COM 00287Y109 8,340 51,445 SH   SOLE   51,445 0 0
Allstate Corporation COM 020002101 322 2,325 SH   SOLE   2,325 0 0
Alphabet Cl C COM 02079K305 201 72 SH   SOLE   72 0 0
Amazon.com COM 023135106 792 243 SH   SOLE   243 0 0
Apple Inc. COM 037833100 384 2,200 SH   SOLE   2,200 0 0
AutoZone, Inc. COM 053332102 532 260 SH   SOLE   260 0 0
Berkshire Hathaway COM 084670108 4,760 9 SH   SOLE   9 0 0
Berkshire Hathaway Cl B COM 084670702 5,682 16,100 SH   SOLE   16,100 0 0
Bristol-Myers Squibb Company COM 110122108 4,035 55,250 SH   SOLE   55,250 0 0
CACI International COM 127190304 972 3,225 SH   SOLE   3,225 0 0
Caterpillar COM 149123101 352 1,580 SH   SOLE   1,580 0 0
Cheniere Energy, Inc. COM 16411R208 4,555 32,850 SH   SOLE   32,850 0 0
Columbia Sportswear COM 198516106 330 3,650 SH   SOLE   3,650 0 0
ConocoPhillips Company COM 718507BK1 7,676 76,760 SH   SOLE   76,760 0 0
Coterra Energy Inc. COM 127097103 6,262 232,180 SH   SOLE   232,180 0 0
Diamondback Energy Inc COM 25278X109 692 5,050 SH   SOLE   5,050 0 0
EOG Resources, Inc. COM 26875P101 5,096 42,745 SH   SOLE   42,745 0 0
FRMO Corporation COM 30262F205 563 51,162 SH   SOLE   51,162 0 0
Helmerich & Payne Inc. COM 423452101 1,297 30,310 SH   SOLE   30,310 0 0
Intel Corp COM 458140100 5,793 116,891 SH   SOLE   116,891 0 0
International Business Machine COM 459200101 6,613 50,865 SH   SOLE   50,865 0 0
Johnson & Johnson COM 478160104 7,485 42,233 SH   SOLE   42,233 0 0
Keweenaw Land Association COM 493026108 211 9,885 SH   SOLE   9,885 0 0
Kinder Morgan, Inc. COM 49456B101 3,367 178,035 SH   SOLE   178,035 0 0
Merck & Co. COM 58933Y105 3,510 42,778 SH   SOLE   42,778 0 0
Mesabi Trust Ctfs COM 590672101 11,491 431,359 SH   SOLE   431,359 0 0
Microsoft Corp COM 594918104 239 775 SH   SOLE   775 0 0
Oracle Corp COM 68389X105 4,377 52,910 SH   SOLE   52,910 0 0
Organon & Co. COM 68622V106 2,736 78,317 SH   SOLE   78,317 0 0
Pfizer, Inc COM 717081103 3,967 76,623 SH   SOLE   76,623 0 0
Pure Cycle Corporation COM 746228303 210 17,500 SH   SOLE   17,500 0 0
Surface Oncology Inc. COM 86877M100 29 10,000 SH   SOLE   10,000 0 0
Texas Pacific Land Corporation COM 882610108 16,183 11,969 SH   SOLE   11,969 0 0
Timken Company COM 887389104 818 13,475 SH   SOLE   13,475 0 0
Viatris COM 92556V106 4,113 378,069 SH   SOLE   378,069 0 0
Bristol-Myers Squibb Contingen RTS 110122157 0 572,879 SH   SOLE   572,879 0 0
ABB Ltd ADR 000375204 3,983 123,162 SH   SOLE   123,162 0 0
Autoliv, Inc. ADR 052800109 4,906 64,178 SH   SOLE   64,178 0 0
Banco Latinoamericano de Expor ADR P16994132 6,932 444,961 SH   SOLE   444,961 0 0
Franco-Nevada Coporation ADR 351858105 8,508 53,337 SH   SOLE   53,337 0 0
Investor AB 'B' ORD W48102128 11,479 532,907 SH   SOLE   532,907 0 0
Koninklijke Philips NV ADR 500472303 1,322 43,291 SH   SOLE   43,291 0 0
Nestle S.A. ADR 641069406 6,504 49,995 SH   SOLE   49,995 0 0
Novartis AG ADR 66987V109 465 5,300 SH   SOLE   5,300 0 0
Pershing Square Holdings ADR G7016V101 759 19,500 SH   SOLE   19,500 0 0
Pilot Corporation ORD J6378K106 5,221 122,050 SH   SOLE   122,050 0 0
SKF Aktiebolaget ADR 784375404 643 39,425 SH   SOLE   39,425 0 0
Shell plc ADR 780259305 3,349 60,965 SH   SOLE   60,965 0 0
Siemens AG ADR 826197501 4,286 61,993 SH   SOLE   61,993 0 0
Siemens Energy AG ORD D6T47E106 1,333 58,350 SH   SOLE   58,350 0 0
Subaru Corporation ADR 86428V104 107 13,318 SH   SOLE   13,318 0 0
Triple Flag Precious Metals Co ADR 89679M104 241 16,500 SH   SOLE   16,500 0 0
Wheaton Precious Metals Corp ADR 962879102 3,583 75,298 SH   SOLE   75,298 0 0