<SEC-DOCUMENT>0001512920-12-000031.txt : 20120424
<SEC-HEADER>0001512920-12-000031.hdr.sgml : 20120424
<ACCEPTANCE-DATETIME>20120424142609
ACCESSION NUMBER:		0001512920-12-000031
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120331
FILED AS OF DATE:		20120424
DATE AS OF CHANGE:		20120424
EFFECTIVENESS DATE:		20120424

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPROTT INC.
		CENTRAL INDEX KEY:			0001512920
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-14703
		FILM NUMBER:		12775695

	BUSINESS ADDRESS:	
		STREET 1:		ROYAL BANK PLAZA, SOUTH TOWER
		STREET 2:		200 BAY STREET, SUITE 2700
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2J1
		BUSINESS PHONE:		416-943-4065

	MAIL ADDRESS:	
		STREET 1:		ROYAL BANK PLAZA, SOUTH TOWER
		STREET 2:		200 BAY STREET, SUITE 2700
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2J1
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>mar1213f.txt
<TEXT>

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


Form 13F


FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2012

Check here if Amendment [ ]; Amendment Number:

This Amendment (Check only one.): [ ] is a restatement.
			          [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name: Sprott Inc.

Address:  Royal Bank Plaza, South Tower
	  200 Bay Street, Suite 2700, PO Box 27
          Toronto, Ontario Canada
          M5J 2J1



Form 13F File Number: 28- 11504

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name: Kirstin McTaggart
Title: Authorized Person
Phone: 416-943-4065

Signature, Place, and Date of Signing:

 Kirstin McTaggart   Toronto, Ontario, Canada    April 24, 2012


Report Type (Check only one.):

[X] 13F HOLDINGS REPORT.

[ ] 13F NOTICE.

[ ] 13F COMBINATION REPORT.


<PAGE>

FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers: None

Form 13F Information Table Entry Total: 134

Form 13F Information Table Value Total: $849,524 (thousands)

List of Other Included Managers: None

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.

If there are no entries in this list, state NONE and omit the column
headings and list entries.


<PAGE>

<TABLE>

FORM 13F INFORMATION TABLE

Name Of Issuer                       Title  Cusip  Value USD  Shares or ShPut/ InvestmeOtheVoting Authority
                                     Class          (x$1000)    Prn Amt PrCall DiscretiMgrs     Sole   Shared     None
<c>				      <c>    <c>

AGNICO EAGLE MINES LTD                com  00847410       550     16,484 sh       Sole         16,484
AGRIUM INC                            com  00891610       199      2,300 sh       Sole          2,300
ALDERON IRON ORE CORP                 com  01434T10        91     30,000 sh       Sole         30,000
ALEXCO RESOURCE CORP                  com  01535P10    51,759  7,415,350 sh       Sole      7,415,350
ALLIED NEVADA GOLD CORP               com  01934410    32,293    992,702 sh       Sole        992,702
ALMADEN MINERALS LTD                  com  02028310     3,928  1,516,630 sh       Sole      1,516,630
ANGLOGOLD ASHANTI LTD                 com  03512820        15        400 sh       Sole            400
ASA GOLD AND PRECIOUS MTLS LTD        com  G3156P10         8        300 sh       Sole            300
AURICO GOLD INC                       com  05155C10     4,763    537,000 sh       Sole        537,000
AURIZON MINES LTD                     com  05155P10       487    100,600 sh       Sole        100,600
AVINO SILVER & GOLD MINES LTD         com  05390610     5,972  2,857,200 sh       Sole      2,857,200
BARRICK GOLD CORP                     com  06790110    29,713    683,369 sh       Sole        683,369
BAYTEX ENERGY CORP                    com  07317Q10       171      3,300 sh       Sole          3,300
BHP BILLITON LTD                      com  08860610        36        500 sh       Sole            500
BP PLC                                com  05562210        18        400 sh       Sole            400
BRIGUS GOLD CORP                      com  10949010    12,485 16,214,091 sh       Sole     16,214,091
BROOKFIELD ASSET MGMT INC             com  11258510        57      1,795 sh       Sole          1,795
BURCON NUTRASCIENCE CORP              com  12083110        41      6,400 sh       Sole          6,400
CAMECO CORP                           com  13321L10       318     14,820 sh       Sole         14,820
CANADIAN NAT RES LTD                  com  13638510     4,977    150,000 sh       Sole        150,000
CARDERO RES CORP                      com  14140U10       176    152,800 sh       Sole        152,800
CELESTICA INC                         com  15101Q10     4,737    495,000 sh       Sole        495,000
CENOVUS ENERGY INC                    com  15135U10       248      6,900 sh       Sole          6,900
CENTRAL FD CDA LTD                    com  15350110     2,344    106,783 sh       Sole        106,783
CLAUDE RES INC                        com  18287310     7,951  7,227,838 sh       Sole      7,227,838
COEUR D ALENE MINES CORP              com  19210850    41,505  1,748,300 sh       Sole      1,748,300
COMCAST CORP                          com  20030N20       885     30,000 sh       Sole         30,000
CROSSHAIR ENERGY CORP                 com  22765F10       563  1,125,000 sh       Sole      1,125,000
DEJOUR ENERGY INC                     com  24486R10         1      2,000 sh       Sole          2,000
DENISON MINES CORP                    com  24835610        99     64,496 sh       Sole         64,496
DESTINATION MATERNITY CORP            com  25065D10       520     28,000 sh       Sole         28,000
DOMTAR CORP                           com  25755920       382      4,000 sh       Sole          4,000
DRDGOLD LIMITED                       com  26152H30         1        200 sh       Sole            200
ELDORADO GOLD CORP                    com  28490210    13,999  1,018,818 sh       Sole      1,018,818
ENCANA CORP                           com  29250510       145      7,365 sh       Sole          7,365
ENDEAVOUR SILVER CORP                 com  29258Y10     4,719    497,800 sh       Sole        497,800
ETFS PLATINUM TRUST                   com  26922V10        10         60 sh       Sole             60
EURASIAN MINERALS INC                 com  29843R10    16,253  6,887,173 sh       Sole      6,887,173
EXETER RES CORP                       com  30183510     9,168  3,346,000 sh       Sole      3,346,000
EXTORRE GOLD MINES LTD                com  30227B10    15,378  2,546,100 sh       Sole      2,546,100
FINISH LINE INC                       com  31792310     6,485    305,600 sh       Sole        305,600
FIRST MAJESTIC SILVER CORP            com  32076V10    73,768  4,449,200 sh       Sole      4,449,200
FOOT LOCKER INC                       com  34484910     4,037    130,000 sh       Sole        130,000
FORTUNA SILVER MINES INC              com  34991510    41,029  9,077,145 sh       Sole      9,077,145
FRANCO NEVADA CORP                    com  35185810       361      8,391 sh       Sole          8,391
FRONTIER COMMUNICATIONS CORP          com  35906A10        33      8,000 sh       Sole          8,000
GLOBAL X SILVER MINERS ETF            com  37950E85     2,401    108,000 sh       Sole        108,000
GOLDEN MINERALS CO                    com  38111910     5,686    674,500 sh       Sole        674,500
GT ADVANCED TECHNOLOGIES INC          com  36191U10     5,309    642,000 sh       Sole        642,000
GULF RESOURCES INC                    com  40251W30        59     25,000 sh       Sole         25,000
HARMONY GOLD MNG LTD                  com  41321630        27      2,500 sh       Sole          2,500
HECLA MNG CO                          com  42270410     8,924  1,931,680 sh       Sole      1,931,680
HELMERICH & PAYNE INC                 com  42345210        32        600 sh       Sole            600
HUDBAY MINERALS INC                   com  44362810     4,352    397,100 sh       Sole        397,100
IAMGOLD CORP                          com  45091310     5,738    431,745 sh       Sole        431,745
IMPERIAL OIL LTD                      com  45303840       113      2,500 sh       Sole          2,500
INTERDIGITAL INC                      com  45867G10     2,179     62,500 sh       Sole         62,500
INTERNATIONAL TOWER HILL MINES LTD    com  46050R10         6      1,500 sh       Sole          1,500
ISHARES SILVER TRUST                  com  46428Q10     5,373    171,230 sh       Sole        171,230
ISHARES BARCLAYS SHORT TREASURY BOND  com  46428867     1,544     14,010 sh       Sole         14,010
JAGUAR MNG INC                        com  47009M10     1,460    312,600 sh       Sole        312,600
JOHNSON & JOHNSON                     com  47816010       488      7,400 sh       Sole          7,400
KEEGAN RES INC                        com  48727510     4,501  1,196,950 sh       Sole      1,196,950
KIMBER RES INC                        com  49435N10     4,698  5,106,557 sh       Sole      5,106,557
KINROSS GOLD CORP                     com  49690240       163     16,607 sh       Sole         16,607
KOBEX MINERALS INC                    com  49989C10     4,879  8,559,590 sh       Sole      8,559,590
KODIAK OIL & GAS CORP                 com  50015Q10    10,303  1,034,460 sh       Sole      1,034,460
LAKE SHORE GOLD CORP                  com  51072810       899    864,875 sh       Sole        864,875
MAG SILVER CORP                       com  55903Q10    29,849  2,955,304 sh       Sole      2,955,304
MAGNA INTL INC                        com  55922240     4,726     99,000 sh       Sole         99,000
MARKET VECTORS GOLD MINER ETF         com  57060U10    16,082    324,622 sh       Sole        324,622
MARKET VECTORS JUNIOR GOLD MINERS ETF com  57060U58    12,358    503,400 sh       Sole        503,400
MCDERMOTT INTL INC                    com  58003710         6        500 sh       Sole            500
MFC INDL LTD                          com  55278T10         1         96 sh       Sole             96
MIDWAY GOLD CORP                      com  59815310       283    198,100 sh       Sole        198,100
MINCO GOLD CORPORATION                com  60254D10       494    721,780 sh       Sole        721,780
MINEFINDERS CORP LTD                  com  60290010     6,311    454,000 sh       Sole        454,000
MINES MGMT INC                        com  60343210       167     98,400 sh       Sole         98,400
MOSAIC CO                             com  61945C10       116      2,100 sh       Sole          2,100
NEVSUN RES LTD                        com  64156L10        18      5,000 sh       Sole          5,000
NEW GOLD INC                          com  64453510     4,537    459,235 sh       Sole        459,235
NEWMONT MINING CORP                   com  65163910        33        653 sh       Sole            653
NEXEN INC                             com  65334H10        46      2,500 sh       Sole          2,500
NORTH AMERN PALLADIUM LTD             com  65691210         0        100 sh       Sole            100
OILSANDS QUEST INC                    com  67804610     1,853 10,352,861 sh       Sole     10,352,861
ONCOLYTICS BIOTECH INC                com  68231010     1,370    323,000 sh       Sole        323,000
PACIFIC ETHANOL INC                   com  69423U20        19     16,929 sh       Sole         16,929
PAN AMERICAN SILVER CORP              com  69790010    13,527    613,189 sh       Sole        613,189
PENGROWTH ENERGY CORP                 com  70706P10     7,156    761,259 sh       Sole        761,259
PENN WEST PETROLEUM LTD               com  70788710        74      3,800 sh       Sole          3,800
PFIZER INC                            com  71708110       453     20,000 sh       Sole         20,000
PLATINUM GROUP METALS LTD             com  72765Q20       135     92,000 sh       Sole         92,000
POTASH CORP SASK INC                  com  73755L10       283      6,200 sh       Sole          6,200
PRECISION DRILLING CORP               com  74022D30       167     16,646 sh       Sole         16,646
PRETIUM RES INC                       com  74139C10     7,690    538,131 sh       Sole        538,131
QUEST RARE MINERALS LTD               com  74836T10        13      5,000 sh       Sole          5,000
RESEARCH IN MOTION LTD                com  76097510        43      2,900 sh       Sole          2,900
REVETT MINERALS INC                   com  76150520       920    220,000 sh       Sole        220,000
RICHMONT MINES INC                    com  76547T10     4,633    595,500 sh       Sole        595,500
RIO TINTO PLC                         com  76720410        22        400 sh       Sole            400
ROYAL GOLD INC                        com  78028710       280      4,292 sh       Sole          4,292
RUBICON MINERALS CORP                 com  78091110       354    108,600 sh       Sole        108,600
SAN JUAN BASIN ROYALTY TRUST          com  79824110         3        155 sh       Sole            155
SCHLUMBERGER LTD                      com  80685710        84      1,200 sh       Sole          1,200
SILVER BULL RES INC                   com  82745810     3,421  5,929,658 sh       Sole      5,929,658
SILVER STD RES INC                    com  82823L10       866     57,600 sh       Sole         57,600
SILVER WHEATON CORP                   com  82833610    29,720    895,194 sh       Sole        895,194
SILVERCORP METALS INC                 com  82835P10         8      1,100 sh       Sole          1,100
SOLITARIO EXPL & RTY CORP             com  8342EP10     2,964  2,148,040 sh       Sole      2,148,040
SPDR GOLD TRUST                       com  78463V10     2,708     16,705 sh       Sole         16,705
SPDR BARCLAYS CAPITAL HIGH YLD BOND E com  78464A41     3,691     93,750 sh       Sole         93,750
SPROTT PHYSICAL GOLD TRUST            com  85207H10    65,181  4,513,919 sh       Sole      4,513,919
SPROTT PHYSICAL SILVER TRUST          com  85207K10    77,140  5,659,568 sh       Sole      5,659,568
SPROTT RESOURCE LENDING CORP          com  85207J10    21,301 13,654,384 sh       Sole     13,654,384
SUNCOR ENERGY INC                     com  86722410     8,087    247,300 sh       Sole        247,300
SUNOPTA INC                           com  8676EP10         5        900 sh       Sole            900
SWEDISH EXPORT CREDIT CORP            com  87029760         9      1,000 sh       Sole          1,000
SYNOPSYS INC                          com  87160710       307     10,000 sh       Sole         10,000
TALISMAN ENERGY INC                   com  87425E10       490     38,900 sh       Sole         38,900
TIM HORTONS INC                       com  88706M10     1,692     31,600 sh       Sole         31,600
TIMBERLINE RES CORP                   com  88713310       217    424,670 sh       Sole        424,670
TIMMINS GOLD CORP                     com  88741P10    14,054  6,273,900 sh       Sole      6,273,900
TRANSATLANTIC PETROLEUM LTD           com  G8998210        26     20,000 sh       Sole         20,000
U S ENERGY CORP                       com  91180510     4,726  1,495,598 sh       Sole      1,495,598
U S GEOTHERMAL INC                    com  90338S10       833  1,602,493 sh       Sole      1,602,493
UR ENERGY INC                         com  91688R10        49     40,000 sh       Sole         40,000
URANERZ ENERGY CORP                   com  91688T10        13      5,136 sh       Sole          5,136
URANIUM ENERGY CORP                   com  91689610         8      2,000 sh       Sole          2,000
VISTA GOLD CORP                       com  92792630    15,892  5,061,233 sh       Sole      5,061,233
VODAFONE GROUP PLC                    com  92857W20       415     15,000 sh       Sole         15,000
WHITING PETE CORP                     com  96638710       255      4,700 sh       Sole          4,700
WI-LAN INC                            com  92897210    18,419  3,576,470 sh       Sole      3,576,470
WYNDHAM WORLDWIDE CORP                com  98310W10       200      4,300 sh       Sole          4,300
YAMANA GOLD INC                       com  98462Y10       909     58,165 sh       Sole         58,165

                 134                                  849,524162,770,649                   162,770,649



</TABLE>




</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
