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
AGNICO EAGLE MINES LTD COM 008474108 506 10,947 SH   SOLE   10,947 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 32,806 5,038,723 SH   SOLE   5,038,723 0 0
ALIO GOLD INC COM 01627X108 2,470 674,069 SH   SOLE   674,069 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 5,115 501,987 SH   SOLE   501,987 0 0
ASANKO GOLD INC COM 04341Y105 8,662 12,242,372 SH   SOLE   12,242,372 0 0
BARRICK GOLD CORP COM 067901108 447 30,903 SH   SOLE   30,903 0 0
COMSTOCK MNG INC COM NEW 205750201 383 982,010 SH   SOLE   982,010 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 17,798 4,139,059 SH   SOLE   4,139,059 0 0
GOLDCORP INC NEW COM 380956409 5,445 427,290 SH   SOLE   427,290 0 0
IAMGOLD CORP COM 450913108 3,001 515,005 SH   SOLE   515,005 0 0
MAG SILVER CORP COM 55903Q104 5,394 437,162 SH   SOLE   437,162 0 0
NEWMONT MINING CORP COM 651639106 833 22,200 SH   SOLE   22,200 0 0
PAN AMERICAN SILVER CORP COM 697900108 210 13,486 SH   SOLE   13,486 0 0
PRETIUM RES INC COM 74139C102 46,252 4,057,190 SH   SOLE   4,057,190 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 82,252 665,200 SH Call SOLE   665,200 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 379,420 3,068,500 SH Put SOLE   3,068,500 0 0
SSR MNG INC COM 784730103 33,156 3,772,064 SH   SOLE   3,772,064 0 0
VISTA GOLD CORP COM NEW 927926303 13,036 18,622,544 SH   SOLE   18,622,544 0 0