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
ADAM NAT RES FD INC COM 00548F105 235 15,007 SH   SOLE   15,007 0 0
AERSALE CORPORATION COM 00810F106 17,405 1,023,813 SH   SOLE   1,023,813 0 0
AGNICO EAGLE MINES LTD COM 008474108 27,952 539,332 SH   SOLE   539,332 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 46,815 6,503,046 SH   SOLE   6,503,046 0 0
ALEXCO RESOURCE CORP COM 01535P106 60 40,285 SH   SOLE   40,285 0 0
ALMADEN MINERALS LTD COM CL B 020283305 69 170,725 SH   SOLE   170,725 0 0
AMAZON COM INC COM 023135106 394 120 SH   SOLE   120 0 0
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206 13,403 838,695 SH   SOLE   838,695 0 0
APPHARVEST INC COM 03783T103 355 54,490 SH   SOLE   54,490 0 0
APPLE INC COM 037833100 345 2,440 SH   SOLE   2,440 0 0
ARCONIC CORPORATION COM 03966V107 252 7,981 SH   SOLE   7,981 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 11,252 230,000 SH   SOLE   230,000 0 0
ATLAS CORP SHARES Y0436Q109 613 40,326 SH   SOLE   40,326 0 0
B2GOLD CORP COM 11777Q209 7,226 2,112,907 SH   SOLE   2,112,907 0 0
BARRICK GOLD CORP COM 067901108 16,659 922,961 SH   SOLE   922,961 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 12,362 45,292 SH   SOLE   45,292 0 0
BERRY CORP COM 08579X101 3,893 539,938 SH   SOLE   539,938 0 0
BHP GROUP LTD SPONSORED ADS 088606108 940 17,568 SH   SOLE   17,568 0 0
BIOGEN INC COM 09062X103 7,075 25,000 SH   SOLE   25,000 0 0
BRIGHAM MINERALS INC CL A COM 10918L103 674 35,168 SH   SOLE   35,168 0 0
BUCKLE INC COM 118440106 11,085 280,000 SH   SOLE   280,000 0 0
CAL MAINE FOODS INC COM NEW 128030202 9,582 265,000 SH   SOLE   265,000 0 0
CAMECO CORP COM 13321L108 1,728 79,504 SH   SOLE   79,504 0 0
CF INDS HLDGS INC COM 125269100 552 9,896 SH   SOLE   9,896 0 0
CHEMOURS CO COM 163851108 473 16,286 SH   SOLE   16,286 0 0
CHENIERE ENERGY INC COM NEW 16411R208 524 5,369 SH   SOLE   5,369 0 0
CME GROUP INC COM 12572Q105 845 4,370 SH   SOLE   4,370 0 0
COEUR MNG INC COM NEW 192108504 6,367 1,031,919 SH   SOLE   1,031,919 0 0
CORE LABORATORIES N V COM N22717107 355 12,782 SH   SOLE   12,782 0 0
CORTEVA INC COM 22052L104 962 22,854 SH   SOLE   22,854 0 0
CORVUS GOLD INC COM 221013105 72,839 22,882,631 SH   SOLE   22,882,631 0 0
DENISON MINES CORP COM 248356107 5,652 3,892,713 SH   SOLE   3,892,713 0 0
DIREXION SHS ETF TR DLY JR GOLD 2X 25460G807 399 28,000 SH   SOLE   28,000 0 0
DIREXION SHS ETF TR 20YR TRES BULL 25459W540 399 15,200 SH   SOLE   15,200 0 0
DIREXION SHS ETF TR DAILY GOLD MINER 25460G880 8,866 366,350 SH   SOLE   366,350 0 0
ELDORADO GOLD CORP NEW COM 284902509 197 25,528 SH   SOLE   25,528 0 0
EMX RTY CORP COM 26873J107 8,439 3,313,614 SH   SOLE   3,313,614 0 0
ENERGY FUELS INC COM NEW 292671708 157 22,309 SH   SOLE   22,309 0 0
EQUINOX GOLD CORP COM 29446Y502 30,878 4,682,618 SH   SOLE   4,682,618 0 0
ERO COPPER CORP COM 296006109 462 26,038 SH   SOLE   26,038 0 0
FEDERATED HERMES INC CL B 314211103 12,513 385,000 SH   SOLE   385,000 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 7,191 636,049 SH   SOLE   636,049 0 0
FORTUNA SILVER MINES INC COM 349915108 8,208 2,089,464 SH   SOLE   2,089,464 0 0
FRANCO NEV CORP COM 351858105 38,751 298,421 SH   SOLE   298,421 0 0
FRANKLIN RESOURCES INC COM 354613101 7,727 260,000 SH   SOLE   260,000 0 0
FRP HLDGS INC COM 30292L107 6,710 120,000 SH   SOLE   120,000 0 0
FURY GOLD MINES LIMITED COM 36117T100 47 75,398 SH   SOLE   75,398 0 0
GALIANO GOLD INC COM 36352H100 29 40,200 SH   SOLE   40,200 0 0
GATOS SILVER INC COM 368036109 16,726 1,438,181 SH   SOLE   1,438,181 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106 37,984 4,677,851 SH   SOLE   4,677,851 0 0
GOLD ROYALTY CORP *W EXP 99/99/999 38071H114 207 207,000 SH   SOLE   207,000 0 0
GOLD ROYALTY CORP COMMON SHARES 38071H106 2,068 413,665 SH   SOLE   413,665 0 0
GOLD STD VENTURES CORP COM 380738104 1,348 3,000,000 SH   SOLE   3,000,000 0 0
GOLDEN STAR RES LTD CDA COM 38119T807 1,826 770,766 SH   SOLE   770,766 0 0
GOLDMINING INC COM 38149E101 49 42,000 SH   SOLE   42,000 0 0
GRAFTECH INTL LTD COM 384313508 426 41,262 SH   SOLE   41,262 0 0
HECLA MNG CO COM 422704106 12,416 2,257,395 SH   SOLE   2,257,395 0 0
HELMERICH & PAYNE INC COM 423452101 11,570 422,106 SH   SOLE   422,106 0 0
HYCROFT MINING HOLDING CORP COM CL A 44862P109 648 434,874 SH   SOLE   434,874 0 0
HYCROFT MINING HOLDING CORP *W EXP 10/12/202 44862P125 13 36,878 SH   SOLE   36,878 0 0
INDUSTRIAS BACHOCO SAB SPON ADR B 456463108 3,315 75,000 SH   SOLE   75,000 0 0
INGREDION INC COM 457187102 294 3,305 SH   SOLE   3,305 0 0
INTEGRA RES CORP COM NEW 45826T301 10,235 4,483,303 SH   SOLE   4,483,303 0 0
INTERNATIONAL TOWER HILL MIN COM 46050R102 20,203 27,216,520 SH   SOLE   27,216,520 0 0
INVESCO CURRENCYSHARES EURO EURO SHS 46138K103 106,696 988,200 SH Put SOLE   988,200 0 0
INVESCO EXCHANGE TRADED FD T DYNMC OIL GAS 46137V670 465 132,500 SH   SOLE   132,500 0 0
ISHARES SILVER TR ISHARES 46428Q109 1,121 54,626 SH   SOLE   54,626 0 0
ISHARES SILVER TR ISHARES 46428Q109 1,139 55,500 SH Call SOLE   55,500 0 0
ISHARES TR US HOME CONS ETF 464288752 461 6,960 SH   SOLE   6,960 0 0
ISHARES TR 20 YR TR BD ETF 464287432 1,039 7,201 SH   SOLE   7,201 0 0
ISHARES TR 20 YR TR BD ETF 464287432 5,859 40,600 SH Put SOLE   40,600 0 0
ISHARES TR JPMORGAN USD EMG 464288281 38,246 347,500 SH Put SOLE   347,500 0 0
ITERIS INC NEW COM 46564T107 53 10,000 SH   SOLE   10,000 0 0
KENNEDY-WILSON HOLDINGS INC COM 489398107 13,029 622,814 SH   SOLE   622,814 0 0
KINROSS GOLD CORP COM 496902404 48,260 9,005,319 SH   SOLE   9,005,319 0 0
KINROSS GOLD CORP COM 496902404 1,662 310,000 SH Call SOLE   310,000 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 59,833 1,438,386 SH   SOLE   1,438,386 0 0
KRANESHARES TR QUADRATIC DEFLA 500767587 287 12,000 SH   SOLE   12,000 0 0
MAG SILVER CORP COM 55903Q104 77,210 4,769,103 SH   SOLE   4,769,103 0 0
MARCUS & MILLICHAP INC COM 566324109 4,062 100,000 SH   SOLE   100,000 0 0
MAVERIX METALS INC COM NEW 57776F405 23,536 5,264,847 SH   SOLE   5,264,847 0 0
MCEWEN MNG INC COM 58039P107 11 10,325 SH   SOLE   10,325 0 0
METALLA RTY & STREAMING LTD COM NEW 59124U605 198 29,124 SH   SOLE   29,124 0 0
NEW GOLD INC CDA COM 644535106 2,505 2,370,688 SH   SOLE   2,370,688 0 0
NEWMONT CORP COM 651639106 42,352 779,954 SH   SOLE   779,954 0 0
NEXGEN ENERGY LTD COM 65340P106 4,486 945,480 SH   SOLE   945,480 0 0
NOVAGOLD RES INC COM NEW 66987E206 19,713 2,865,297 SH   SOLE   2,865,297 0 0
NUCOR CORP COM 670346105 4,925 50,000 SH   SOLE   50,000 0 0
NUTRIEN LTD COM 67077M108 1,715 26,459 SH   SOLE   26,459 0 0
ORLA MNG LTD NEW COM 68634K106 359 109,500 SH   SOLE   109,500 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 58,213 5,187,206 SH   SOLE   5,187,206 0 0
PAN AMERN SILVER CORP COM 697900108 72,122 3,099,981 SH   SOLE   3,099,981 0 0
PERPETUA RESOURCES CORP COM 714266103 749 150,500 SH   SOLE   150,500 0 0
PRETIUM RES INC COM 74139C102 43,089 4,461,780 SH   SOLE   4,461,780 0 0
PROSHARES TR ULT FTSE CHIN 50 74347X880 404 8,265 SH   SOLE   8,265 0 0
PROSHARES TR PSHS ULT HLTHCRE 74347R735 450 4,735 SH   SOLE   4,735 0 0
PROSHARES TR PSHS ULT SEMICDT 74347R669 457 13,355 SH   SOLE   13,355 0 0
PROSHARES TR PSHS ULTRA UTIL 74347R685 405 6,850 SH   SOLE   6,850 0 0
PROSHARES TR ULTRA FNCLS NEW 74347X633 428 6,750 SH   SOLE   6,750 0 0
QUANTA SVCS INC COM 74762E102 321 2,824 SH   SOLE   2,824 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 8,545 60,000 SH   SOLE   60,000 0 0
ROYAL GOLD INC COM 780287108 10,187 106,686 SH   SOLE   106,686 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 18,806 3,264,522 SH   SOLE   3,264,522 0 0
SCHLUMBERGER LTD COM STK 806857108 1,198 40,407 SH   SOLE   40,407 0 0
SCHNITZER STEEL INDS INC CL A 806882106 5,695 130,000 SH   SOLE   130,000 0 0
SCOTTS MIRACLE-GRO CO CL A 810186106 340 2,324 SH   SOLE   2,324 0 0
SEABRIDGE GOLD INC COM 811916105 23,147 1,498,320 SH   SOLE   1,498,320 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 575 9,000 SH   SOLE   9,000 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107 40,570 3,287,656 SH   SOLE   3,287,656 0 0
SILVERCORP METALS INC COM 82835P103 3,966 1,041,432 SH   SOLE   1,041,432 0 0
SILVERCREST METALS INC COM 828363101 48,039 6,884,094 SH   SOLE   6,884,094 0 0
SMART SAND INC COM 83191H107 2,205 900,000 SH   SOLE   900,000 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 496 9,236 SH   SOLE   9,236 0 0
SOLARIS OILFIELD INFRASTRUCT COM CL A 83418M103 250 30,030 SH   SOLE   30,030 0 0
SPDR GOLD TR GOLD SHS 78463V107 396 2,410 SH   SOLE   2,410 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 11,673 27,200 SH Put SOLE   27,200 0 0
SPDR SER TR SPDR BLOOMBERG 78468R663 21,538 235,491 SH   SOLE   235,491 0 0
SPROTT FOCUS TR INC COM 85208J109 807 97,368 SH   SOLE   97,368 0 0
SPROTT INC COM NEW 852066208 2,906 79,196 SH   SOLE   79,196 0 0
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 1,069 62,382 SH   SOLE   62,382 0 0
SPROTT PHYSICAL GOLD TR UNIT 85207H104 3,619 262,222 SH   SOLE   262,222 0 0
SPROTT PHYSICAL PLAT PALLAD UNIT 85207Q104 1,025 71,575 SH   SOLE   71,575 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 2,646 344,479 SH   SOLE   344,479 0 0
SSR MNG INC COM 784730103 39,028 2,686,103 SH   SOLE   2,686,103 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,556 123,217 SH   SOLE   123,217 0 0
TESLA INC COM 88160R101 407 525 SH   SOLE   525 0 0
TEXAS PACIFIC LAND CORPORATI COM 88262P102 1,680 1,389 SH   SOLE   1,389 0 0
THOR INDS INC COM 885160101 12,276 100,000 SH   SOLE   100,000 0 0
TRILOGY METALS INC NEW COM 89621C105 2,328 1,258,629 SH   SOLE   1,258,629 0 0
UNITED STS COMMODITY INDEX F COMM IDX FND 911717106 596 14,565 SH   SOLE   14,565 0 0
UR-ENERGY INC COM 91688R108 28 16,522 SH   SOLE   16,522 0 0
URANIUM ENERGY CORP COM 916896103 1,324 434,058 SH   SOLE   434,058 0 0
URANIUM RTY CORP COM 91702V101 4,390 1,215,958 SH   SOLE   1,215,958 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791 560 14,600 SH Put SOLE   14,600 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 394 13,383 SH   SOLE   13,383 0 0
VANECK ETF TRUST VANECK RUSSIA ET 92189F403 483 15,940 SH   SOLE   15,940 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 3,692 44,800 SH   SOLE   44,800 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 5,223 260,000 SH   SOLE   260,000 0 0
VISTA GOLD CORP COM NEW 927926303 8 10,600 SH   SOLE   10,600 0 0
WESTERN DIGITAL CORP. COM 958102105 9,595 170,000 SH   SOLE   170,000 0 0
WESTLAKE CHEM CORP COM 960413102 10,481 115,000 SH   SOLE   115,000 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 48,792 1,298,288 SH   SOLE   1,298,288 0 0
YAMANA GOLD INC COM 98462Y100 3,574 902,539 SH   SOLE   902,539 0 0