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
COEUR MNG INC COM NEW 192108504 8,672 960,310 SH   SOLE   960,310 0 0
DIREXION SHS ETF TR DLY SMCAP BULL3X 25459W847 3,161 35,309 SH   SOLE   35,309 0 0
DIREXION SHS ETF TR SP BIOTCH BL NEW 25490K323 3,055 38,707 SH   SOLE   38,707 0 0
ENETI INC COM Y2294C107 19,104 908,415 SH   SOLE   908,415 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 33,035 2,120,332 SH   SOLE   2,120,332 0 0
FORTUNA SILVER MINES INC COM 349915108 22,038 3,406,228 SH   SOLE   3,406,228 0 0
GOLDEN STAR RES LTD CDA COM 38119T807 29,481 9,993,249 SH   SOLE   9,993,249 0 0
HARMONY GOLD MINING CO LTD SPONSORED ADR 413216300 26,214 6,012,401 SH   SOLE   6,012,401 0 0
HECLA MNG CO COM 422704106 7,226 1,269,918 SH   SOLE   1,269,918 0 0
KINROSS GOLD CORP COM 496902404 32,023 4,801,000 SH   SOLE   4,801,000 0 0
MCEWEN MNG INC COM 58039P107 11,509 11,066,311 SH   SOLE   11,066,311 0 0
PRETIUM RES INC COM 74139C102 11,001 1,060,874 SH   SOLE   1,060,874 0 0
PROSHARES TR ULTRAPRO QQQ 74347X831 7,045 77,200 SH   SOLE   77,200 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107 83,963 4,701,190 SH   SOLE   4,701,190 0 0
SKYWEST INC COM 830879102 2,917 53,551 SH   SOLE   53,551 0 0
SSR MNG INC COM 784730103 21,555 1,507,087 SH   SOLE   1,507,087 0 0
TIDEWATER INC NEW COM 88642R109 12,653 1,009,782 SH   SOLE   1,009,782 0 0