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 5,316 115,984 SH   SOLE   115,984 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 31,725 5,562,187 SH   SOLE   5,562,187 0 0
ALIO GOLD INC COM 01627X108 2,007 1,379,900 SH   SOLE   1,379,900 0 0
ASANKO GOLD INC COM 04341Y105 12,693 11,738,640 SH   SOLE   11,738,640 0 0
COMSTOCK MNG INC COM NEW 205750201 255 982,010 SH   SOLE   982,010 0 0
IAMGOLD CORP COM 450913108 3,302 566,105 SH   SOLE   566,105 0 0
MAG SILVER CORP COM 55903Q104 4,511 417,162 SH   SOLE   417,162 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 6,717 708,449 SH   SOLE   708,449 0 0
PAN AMERICAN SILVER CORP COM 697900108 242 13,486 SH   SOLE   13,486 0 0
PRETIUM RES INC COM 74139C102 29,528 4,009,896 SH   SOLE   4,009,896 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 139,805 1,178,300 SH Put SOLE   1,178,300 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,385,612 20,106,300 SH Call SOLE   20,106,300 0 0
SSR MNG INC COM 784730103 35,865 3,633,770 SH   SOLE   3,633,770 0 0
VISTA GOLD CORP COM NEW 927926303 12,887 18,622,544 SH   SOLE   18,622,544 0 0