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 34,146 484,623 SH   SOLE   484,623 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 54,956 6,281,346 SH   SOLE   6,281,346 0 0
ALEXCO RESOURCE CORP COM 01535P106 70 22,135 SH   SOLE   22,135 0 0
ALMADEN MINERALS LTD COM CL B 020283305 1,142 2,435,325 SH   SOLE   2,435,325 0 0
AMAZON COM INC COM 023135106 4,489 1,400 SH Put SOLE   1,400 0 0
AMAZON COM INC COM 023135106 391 120 SH   SOLE   120 0 0
AMERICAS GOLD AND SILVER COR COM 03062D100 2,193 798,858 SH   SOLE   798,858 0 0
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206 14,175 626,677 SH   SOLE   626,677 0 0
APPLE INC COM 037833100 304 2,300 SH Put SOLE   2,300 0 0
APPLE INC COM 037833100 324 2,440 SH   SOLE   2,440 0 0
ARCOSA INC COM 039653100 5,493 100,000 SH   SOLE   100,000 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 11,578 230,000 SH   SOLE   230,000 0 0
ATLAS CORP SHARES Y0436Q109 310 28,591 SH   SOLE   28,591 0 0
B2GOLD CORP COM 11777Q209 48,252 8,616,302 SH   SOLE   8,616,302 0 0
BANK NOVA SCOTIA B C COM 064149107 65,767 1,216,686 SH   SOLE   1,216,686 0 0
BARRICK GOLD CORP COM 067901108 45,113 1,980,376 SH   SOLE   1,980,376 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 11,661 50,292 SH   SOLE   50,292 0 0
BERRY CORP COM 08579X101 1,665 452,379 SH   SOLE   452,379 0 0
BIOGEN INC COM 09062X103 9,794 40,000 SH   SOLE   40,000 0 0
BLINK CHARGING CO *W EXP 01/31/202 09354A118 659 17,000 SH   SOLE   17,000 0 0
BUCKLE INC COM 118440106 9,636 330,000 SH   SOLE   330,000 0 0
CAL MAINE FOODS INC COM NEW 128030202 7,508 200,000 SH   SOLE   200,000 0 0
CAMECO CORP COM 13321L108 830 61,926 SH   SOLE   61,926 0 0
CF INDS HLDGS INC COM 125269100 298 7,702 SH   SOLE   7,702 0 0
CIRRUS LOGIC INC COM 172755100 4,110 50,000 SH   SOLE   50,000 0 0
CME GROUP INC COM 12572Q105 434 2,386 SH   SOLE   2,386 0 0
COEUR MNG INC COM NEW 192108504 11,721 1,132,505 SH   SOLE   1,132,505 0 0
CORE LABORATORIES N V COM N22717107 287 10,828 SH   SOLE   10,828 0 0
CORTEVA INC COM 22052L104 630 16,277 SH   SOLE   16,277 0 0
CORVUS GOLD INC COM 221013105 55,661 23,412,959 SH   SOLE   23,412,959 0 0
DENISON MINES CORP COM 248356107 561 851,340 SH   SOLE   851,340 0 0
DIREXION SHS ETF TR 20YR TRES BULL 25459W540 499 14,200 SH   SOLE   14,200 0 0
DIREXION SHS ETF TR DLY JR GOLD 2X 25460G807 273 28,000 SH   SOLE   28,000 0 0
ELDORADO GOLD CORP NEW COM 284902509 7,435 564,430 SH   SOLE   564,430 0 0
EMX RTY CORP COM 26873J107 8,258 2,465,157 SH   SOLE   2,465,157 0 0
ENERGY FUELS INC COM NEW 292671708 124 29,008 SH   SOLE   29,008 0 0
EQUINOX GOLD CORP COM 29446Y502 5,968 635,438 SH   SOLE   635,438 0 0
EXCELLON RES INC COM 30069C801 68 332,450 SH   SOLE   332,450 0 0
FEDERATED HERMES INC CL B 314211103 10,689 370,000 SH   SOLE   370,000 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 326 18,000 SH Call SOLE   18,000 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 326 18,000 SH Put SOLE   18,000 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 7,556 562,990 SH   SOLE   562,990 0 0
FORTUNA SILVER MINES INC COM 349915108 13,632 1,658,140 SH   SOLE   1,658,140 0 0
FRANCO NEV CORP COM 351858105 45,491 362,858 SH   SOLE   362,858 0 0
FRANKLIN RESOURCES INC COM 354613101 6,997 280,000 SH   SOLE   280,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857 422 16,201 SH   SOLE   16,201 0 0
FRP HLDGS INC COM 30292L107 4,555 100,000 SH   SOLE   100,000 0 0
FURY GOLD MINES LIMITED COM 36117T100 653 456,125 SH   SOLE   456,125 0 0
GALIANO GOLD INC COM 36352H100 29 25,300 SH   SOLE   25,300 0 0
GATOS SILVER INC COM 368036109 19,210 1,474,290 SH   SOLE   1,474,290 0 0
GENTEX CORP COM 371901109 1,697 50,000 SH   SOLE   50,000 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106 44,126 4,760,096 SH   SOLE   4,760,096 0 0
GOLD STD VENTURES CORP COM 380738104 2,146 3,001,000 SH   SOLE   3,001,000 0 0
GOLDEN STAR RES LTD CDA COM 38119T807 4,240 1,143,813 SH   SOLE   1,143,813 0 0
GOLDMINING INC COM 38149E101 92 42,200 SH   SOLE   42,200 0 0
GRAFTECH INTL LTD COM 384313508 341 32,032 SH   SOLE   32,032 0 0
HECLA MNG CO COM 422704106 142 25,000 SH Call SOLE   25,000 0 0
HECLA MNG CO COM 422704106 12,114 1,869,494 SH   SOLE   1,869,494 0 0
HELMERICH & PAYNE INC COM 423452101 11,659 503,396 SH   SOLE   503,396 0 0
HYCROFT MINING HOLDING CORP *W EXP 10/12/202 44862P125 18 48,985 SH   SOLE   48,985 0 0
HYCROFT MINING HOLDING CORP COM CL A 44862P109 3,414 434,874 SH   SOLE   434,874 0 0
INDUSTRIAS BACHOCO S A B DE SPON ADR B 456463108 3,161 70,000 SH   SOLE   70,000 0 0
INTEGRA RES CORP COM NEW 45826T301 15,246 3,678,501 SH   SOLE   3,678,501 0 0
INTERNATIONAL TOWER HILL MIN COM 46050R102 40,815 29,303,502 SH   SOLE   29,303,502 0 0
INVESCO CURRENCYSHARES EURO EURO SHS 46138K103 119,028 1,045,300 SH Put SOLE   1,045,300 0 0
INVESCO DB MULTI-SECTOR COMM AGRICULTURE FD 46140H106 222 13,750 SH   SOLE   13,750 0 0
ISHARES GOLD TRUST ISHARES 464285105 531 29,270 SH   SOLE   29,270 0 0
ISHARES SILVER TR ISHARES 46428Q109 603 24,541 SH   SOLE   24,541 0 0
ISHARES SILVER TR ISHARES 46428Q109 1,399 56,000 SH Call SOLE   56,000 0 0
ISHARES TR JPMORGAN USD EMG 464288281 23,556 206,900 SH Put SOLE   206,900 0 0
ISHARES TR 1 3 YR TREAS BD 464287457 372 4,308 SH   SOLE   4,308 0 0
ISHARES TR 20 YR TR BD ETF 464287432 19,502 128,300 SH Put SOLE   128,300 0 0
KENNEDY-WILSON HOLDINGS INC COM 489398107 11,239 628,224 SH   SOLE   628,224 0 0
KINROSS GOLD CORP COM 496902404 55,059 7,501,483 SH   SOLE   7,501,483 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 62,687 1,517,207 SH   SOLE   1,517,207 0 0
KRANESHARES TR QUADRTC INT RT 500767736 601 21,505 SH   SOLE   21,505 0 0
MAG SILVER CORP COM 55903Q104 105,741 5,154,783 SH   SOLE   5,154,783 0 0
MARCUS & MILLICHAP INC COM 566324109 4,095 110,000 SH   SOLE   110,000 0 0
MAVERIX METALS INC COM NEW 57776F405 32,754 6,150,316 SH   SOLE   6,150,316 0 0
MCEWEN MNG INC COM 58039P107 1,125 1,209,250 SH   SOLE   1,209,250 0 0
METALLA RTY & STREAMING LTD COM NEW 59124U605 212 16,912 SH   SOLE   16,912 0 0
MICROSOFT CORP COM 594918104 302 1,300 SH Put SOLE   1,300 0 0
NEW GOLD INC CDA COM 644535106 4,439 2,017,700 SH   SOLE   2,017,700 0 0
NEWMONT CORP COM 651639106 49,557 827,474 SH   SOLE   827,474 0 0
NEXGEN ENERGY LTD COM 65340P106 3,024 1,096,337 SH   SOLE   1,096,337 0 0
NOVAGOLD RES INC COM NEW 66987E206 30,781 3,183,110 SH   SOLE   3,183,110 0 0
NUTRIEN LTD COM 67077M108 1,073 22,277 SH   SOLE   22,277 0 0
ORLA MNG LTD NEW COM 68634K106 2,498 4,074,500 SH   SOLE   4,074,500 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 58,109 4,853,349 SH   SOLE   4,853,349 0 0
PAN AMERN SILVER CORP COM 697900108 101,992 2,955,818 SH   SOLE   2,955,818 0 0
PARAMOUNT GOLD NEV CORP COM 69924M109 7 649,391 SH   SOLE   649,391 0 0
PLATINUM GROUP METALS LTD COM 72765Q882 979 211,080 SH   SOLE   211,080 0 0
PRETIUM RES INC COM 74139C102 36,078 3,147,093 SH   SOLE   3,147,093 0 0
PROSHARES TR II VIX SH TRM FUTRS 74347W171 220 16,000 SH   SOLE   16,000 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 8,981 75,000 SH   SOLE   75,000 0 0
ROYAL GOLD INC COM 780287108 27,140 255,175 SH   SOLE   255,175 0 0
SANDERSON FARMS INC COM 800013104 6,610 50,000 SH   SOLE   50,000 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 20,860 2,908,893 SH   SOLE   2,908,893 0 0
SEABRIDGE GOLD INC COM 811916105 28,460 1,350,990 SH   SOLE   1,350,990 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107 53,713 3,380,329 SH   SOLE   3,380,329 0 0
SILVERCORP METALS INC COM 82835P103 3,365 503,292 SH   SOLE   503,292 0 0
SILVERCREST METALS INC COM 828363101 90,526 8,112,571 SH   SOLE   8,112,571 0 0
SMART SAND INC COM 83191H107 1,720 1,000,000 SH   SOLE   1,000,000 0 0
SNAP INC CL A 83304A106 344 6,500 SH Put SOLE   6,500 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 430 8,762 SH   SOLE   8,762 0 0
SOLARIS OILFIELD INFRSTR INC COM CL A 83418M103 159 19,546 SH   SOLE   19,546 0 0
SPDR GOLD TR GOLD SHS 78463V107 236 1,324 SH   SOLE   1,324 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 15,617 42,200 SH Put SOLE   42,200 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 15,617 42,200 SH Call SOLE   42,200 0 0
SPDR SER TR SPDR BLOOMBERG 78468R663 15,796 172,601 SH   SOLE   172,601 0 0
SPROTT ETF TRUST GOLD MINERS ETF 85210B102 244 7,980 SH   SOLE   7,980 0 0
SPROTT FOCUS TR INC COM 85208J109 271 39,292 SH   SOLE   39,292 0 0
SPROTT INC COM NEW 852066208 2,079 71,731 SH   SOLE   71,731 0 0
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 1,164 60,166 SH   SOLE   60,166 0 0
SPROTT PHYSICAL GOLD TR UNIT 85207H104 2,011 133,236 SH   SOLE   133,236 0 0
SPROTT PHYSICAL PLAT PALLAD UNIT 85207Q104 601 33,745 SH   SOLE   33,745 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 1,953 209,068 SH   SOLE   209,068 0 0
SSR MNG INC COM 784730103 47,324 2,355,860 SH   SOLE   2,355,860 0 0
TECK RESOURCES LTD CL B 878742204 852 46,915 SH   SOLE   46,915 0 0
TESLA INC COM 88160R101 370 525 SH   SOLE   525 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 731 1,005 SH   SOLE   1,005 0 0
THOR INDS INC COM 885160101 3,720 40,000 SH   SOLE   40,000 0 0
TRILOGY METALS INC NEW COM 89621C105 593 296,466 SH   SOLE   296,466 0 0
UR-ENERGY INC COM 91688R108 18 22,212 SH   SOLE   22,212 0 0
URANIUM ENERGY CORP COM 916896103 726 412,407 SH   SOLE   412,407 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 856 17,100 SH Put SOLE   17,100 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 707 20,500 SH Put SOLE   20,500 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 32 585 SH   SOLE   585 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 3,946 47,400 SH   SOLE   47,400 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 3,107 150,000 SH   SOLE   150,000 0 0
WESTERN COPPER & GOLD CORP COM 95805V108 1,168 947,000 SH   SOLE   947,000 0 0
WESTERN DIGITAL CORP. COM 958102105 12,186 220,000 SH   SOLE   220,000 0 0
WESTLAKE CHEM CORP COM 960413102 10,608 130,000 SH   SOLE   130,000 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 55,935 1,339,983 SH   SOLE   1,339,983 0 0
YAMANA GOLD INC COM 98462Y100 625 109,452 SH   SOLE   109,452 0 0