<SEC-DOCUMENT>0000950123-18-011281.txt : 20181113
<SEC-HEADER>0000950123-18-011281.hdr.sgml : 20181113
<ACCEPTANCE-DATETIME>20181113145830
ACCESSION NUMBER:		0000950123-18-011281
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180930
FILED AS OF DATE:		20181113
DATE AS OF CHANGE:		20181113
EFFECTIVENESS DATE:		20181113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			U S GLOBAL INVESTORS INC
		CENTRAL INDEX KEY:			0000754811
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				741598370
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-02220
		FILM NUMBER:		181177431

	BUSINESS ADDRESS:	
		STREET 1:		7900 CALLAGHAN RD
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78229
		BUSINESS PHONE:		2103081234

	MAIL ADDRESS:	
		STREET 1:		7900 CALLAGHAN ROAD
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78229

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED SERVICES ADVISORS INC /TX/
		DATE OF NAME CHANGE:	19950321
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0000754811</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>09-30-2018</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>09-30-2018</reportCalendarOrQuarter>
      <filingManager>
        <name>U S Global Investors Inc</name>
        <address>
          <ns1:street1>7900 Callaghan Road</ns1:street1>
          <ns1:city>San  Antonio</ns1:city>
          <ns1:stateOrCountry>TX</ns1:stateOrCountry>
          <ns1:zipCode>78229</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-02220</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Lisa Callicotte</name>
      <title>CFO</title>
      <phone>210-308-1294</phone>
      <signature>/s/ Lisa Callicotte</signature>
      <city>San Antonio</city>
      <stateOrCountry>TX</stateOrCountry>
      <signatureDate>11-13-2018</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
      <tableEntryTotal>184</tableEntryTotal>
      <tableValueTotal>207239</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
    </summaryPage>
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</TEXT>
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<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
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<DESCRIPTION>INFORMATION TABLE FOR FORM 13F
<TEXT>
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   <infoTable>
       <nameOfIssuer>ABBVIE INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>00287Y109</cusip>
       <value>415</value>
       <shrsOrPrnAmt>
           <sshPrnamt>4389</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>4389</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>AFFILIATED MANAGERS GROUP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>008252108</cusip>
       <value>422</value>
       <shrsOrPrnAmt>
           <sshPrnamt>3085</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>3085</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>AGNICO EAGLE MINES LTD</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>008474108</cusip>
       <value>855</value>
       <shrsOrPrnAmt>
           <sshPrnamt>25000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>25000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ALAMOS GOLD INC NEW</nameOfIssuer>
       <titleOfClass>COM CL A</titleOfClass>
       <cusip>011532108</cusip>
       <value>1614</value>
       <shrsOrPrnAmt>
           <sshPrnamt>350000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>350000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ALLEGION PUB LTD CO</nameOfIssuer>
       <titleOfClass>ORD SHS</titleOfClass>
       <cusip>G0176J109</cusip>
       <value>1730</value>
       <shrsOrPrnAmt>
           <sshPrnamt>19097</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>19097</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>AMC NETWORKS INC</nameOfIssuer>
       <titleOfClass>CL A</titleOfClass>
       <cusip>00164V103</cusip>
       <value>1485</value>
       <shrsOrPrnAmt>
           <sshPrnamt>22383</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>22383</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>AMERICAN TOWER CORP NEW</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>03027X100</cusip>
       <value>418</value>
       <shrsOrPrnAmt>
           <sshPrnamt>2878</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>2878</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>AMGEN INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>031162100</cusip>
       <value>540</value>
       <shrsOrPrnAmt>
           <sshPrnamt>2604</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>2604</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>APPLIED MATLS INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>038222105</cusip>
       <value>367</value>
       <shrsOrPrnAmt>
           <sshPrnamt>9505</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>9505</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>AXCELIS TECHNOLOGIES INC</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>054540208</cusip>
       <value>1129</value>
       <shrsOrPrnAmt>
           <sshPrnamt>57435</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>57435</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>BALL CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>058498106</cusip>
       <value>593</value>
       <shrsOrPrnAmt>
           <sshPrnamt>13480</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>13480</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>BANK AMER CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>060505104</cusip>
       <value>461</value>
       <shrsOrPrnAmt>
           <sshPrnamt>15638</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>15638</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>BHP BILLITON LTD</nameOfIssuer>
       <titleOfClass>SPONSORED ADR</titleOfClass>
       <cusip>088606108</cusip>
       <value>58</value>
       <shrsOrPrnAmt>
           <sshPrnamt>600</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>600</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>BORGWARNER INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>099724106</cusip>
       <value>401</value>
       <shrsOrPrnAmt>
           <sshPrnamt>9379</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>9379</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>BP PLC</nameOfIssuer>
       <titleOfClass>SPONSORED ADR</titleOfClass>
       <cusip>055622104</cusip>
       <value>120</value>
       <shrsOrPrnAmt>
           <sshPrnamt>510</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>510</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>BROADCOM INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>11135F101</cusip>
       <value>432</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1749</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>1749</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>CALEDONIA MNG CORP PLC</nameOfIssuer>
       <titleOfClass>SHS NEW</titleOfClass>
       <cusip>G1757E113</cusip>
       <value>497</value>
       <shrsOrPrnAmt>
           <sshPrnamt>72811</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>72811</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>CAMBREX CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>132011107</cusip>
       <value>1366</value>
       <shrsOrPrnAmt>
           <sshPrnamt>19965</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>19965</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>CHEMOURS CO</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>163851108</cusip>
       <value>1226</value>
       <shrsOrPrnAmt>
           <sshPrnamt>31084</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>31084</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>CIENA CORP</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>171779309</cusip>
       <value>1631</value>
       <shrsOrPrnAmt>
           <sshPrnamt>52216</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>52216</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>CIMAREX ENERGY CO</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>171798101</cusip>
       <value>405</value>
       <shrsOrPrnAmt>
           <sshPrnamt>4361</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>4361</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>CLOROX CO DEL</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>189054109</cusip>
       <value>268</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1781</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>1781</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>CNOOC LTD</nameOfIssuer>
       <titleOfClass>SPONSORED ADR</titleOfClass>
       <cusip>126132109</cusip>
       <value>1245</value>
       <shrsOrPrnAmt>
           <sshPrnamt>6300</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>6300</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>COMCAST CORP NEW</nameOfIssuer>
       <titleOfClass>CL A</titleOfClass>
       <cusip>20030N101</cusip>
       <value>518</value>
       <shrsOrPrnAmt>
           <sshPrnamt>14622</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>14622</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>COMSTOCK MNG INC</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>205750201</cusip>
       <value>75</value>
       <shrsOrPrnAmt>
           <sshPrnamt>533000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>533000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>COMSTOCK MNG INC</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>205750201</cusip>
       <value>129</value>
       <shrsOrPrnAmt>
           <sshPrnamt>924329</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>924329</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>CONSTELLATION BRANDS INC</nameOfIssuer>
       <titleOfClass>CL A</titleOfClass>
       <cusip>21036P108</cusip>
       <value>394</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1827</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>1827</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>SBI CONS DISCR</titleOfClass>
       <cusip>81369Y407</cusip>
       <value>82</value>
       <shrsOrPrnAmt>
           <sshPrnamt>700</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>700</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>SBI CONS DISCR</titleOfClass>
       <cusip>81369Y407</cusip>
       <value>199</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1700</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>1700</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>SBI CONS STPLS</titleOfClass>
       <cusip>81369Y308</cusip>
       <value>151</value>
       <shrsOrPrnAmt>
           <sshPrnamt>2800</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>2800</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>SBI CONS STPLS</titleOfClass>
       <cusip>81369Y308</cusip>
       <value>388</value>
       <shrsOrPrnAmt>
           <sshPrnamt>7200</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>7200</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>CORCEPT THERAPEUTICS INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>218352102</cusip>
       <value>926</value>
       <shrsOrPrnAmt>
           <sshPrnamt>66021</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>66021</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>CSX CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>126408103</cusip>
       <value>515</value>
       <shrsOrPrnAmt>
           <sshPrnamt>6956</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>6956</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>CHEVRON CORP NEW</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>166764100</cusip>
       <value>13</value>
       <shrsOrPrnAmt>
           <sshPrnamt>160</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>160</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>DELPHI TECHNOLOGIES PLC</nameOfIssuer>
       <titleOfClass>SHS</titleOfClass>
       <cusip>G2709G107</cusip>
       <value>882</value>
       <shrsOrPrnAmt>
           <sshPrnamt>28125</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>28125</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>DELTA AIR LINES INC DEL</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>247361702</cusip>
       <value>518</value>
       <shrsOrPrnAmt>
           <sshPrnamt>8956</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>8956</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>DIREXION SHS ETF TR</nameOfIssuer>
       <titleOfClass>DLY GOLD INDX 3X</titleOfClass>
       <cusip>25460E844</cusip>
       <value>777</value>
       <shrsOrPrnAmt>
           <sshPrnamt>60000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>60000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>DIREXION SHS ETF TR</nameOfIssuer>
       <titleOfClass>DLY GOLD INDX 3X</titleOfClass>
       <cusip>25460E844</cusip>
       <value>1943</value>
       <shrsOrPrnAmt>
           <sshPrnamt>150000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>150000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>DIREXION SHS ETF TR</nameOfIssuer>
       <titleOfClass>DLY RUSSIA BL 3X</titleOfClass>
       <cusip>25490K273</cusip>
       <value>113</value>
       <shrsOrPrnAmt>
           <sshPrnamt>2700</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>2700</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>DIREXION SHS ETF TR</nameOfIssuer>
       <titleOfClass>DAILY JR BULL 3X</titleOfClass>
       <cusip>25460E851</cusip>
       <value>1110</value>
       <shrsOrPrnAmt>
           <sshPrnamt>150000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>150000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>DIREXION SHS ETF TR</nameOfIssuer>
       <titleOfClass>DAILY JR BULL 3X</titleOfClass>
       <cusip>25460E851</cusip>
       <value>1665</value>
       <shrsOrPrnAmt>
           <sshPrnamt>225000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>225000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>DXC TECHNOLOGY CO</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>23355L106</cusip>
       <value>515</value>
       <shrsOrPrnAmt>
           <sshPrnamt>5504</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>5504</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ENERGY FUELS INC</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>292671708</cusip>
       <value>1148</value>
       <shrsOrPrnAmt>
           <sshPrnamt>350000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>350000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ENPRO INDS INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>29355X107</cusip>
       <value>1081</value>
       <shrsOrPrnAmt>
           <sshPrnamt>14827</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>14827</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>FREEPORT-MCMORAN INC</nameOfIssuer>
       <titleOfClass>CL B</titleOfClass>
       <cusip>35671D857</cusip>
       <value>26</value>
       <shrsOrPrnAmt>
           <sshPrnamt>800</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>800</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>FREEPORT-MCMORAN INC</nameOfIssuer>
       <titleOfClass>CL B</titleOfClass>
       <cusip>35671D857</cusip>
       <value>6</value>
       <shrsOrPrnAmt>
           <sshPrnamt>700</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>700</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>FREEPORT-MCMORAN INC</nameOfIssuer>
       <titleOfClass>CL B</titleOfClass>
       <cusip>35671D857</cusip>
       <value>1</value>
       <shrsOrPrnAmt>
           <sshPrnamt>400</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>400</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>FRANCO NEVADA CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>351858105</cusip>
       <value>2</value>
       <shrsOrPrnAmt>
           <sshPrnamt>150</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>150</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>FOX FACTORY HLDG CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>35138V102</cusip>
       <value>1086</value>
       <shrsOrPrnAmt>
           <sshPrnamt>15500</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>15500</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>VANECK VECTORS ETF TR JR</nameOfIssuer>
       <titleOfClass>GOLD MINERS ETF</titleOfClass>
       <cusip>92189F791</cusip>
       <value>9</value>
       <shrsOrPrnAmt>
           <sshPrnamt>400</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>400</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SPDR GOLD TRUST GOLD</nameOfIssuer>
       <titleOfClass>SHS</titleOfClass>
       <cusip>78463V107</cusip>
       <value>20</value>
       <shrsOrPrnAmt>
           <sshPrnamt>200</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>200</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>GOLD STD VENTURES CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>380738104</cusip>
       <value>2150</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1250000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>1250000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>GOLDEN STAR RES LTD CDA</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>38119T104</cusip>
       <value>181</value>
       <shrsOrPrnAmt>
           <sshPrnamt>250000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>250000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>GOLDEN STAR RES LTD CDA</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>38119T104</cusip>
       <value>2175</value>
       <shrsOrPrnAmt>
           <sshPrnamt>3000000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>3000000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>GRACO INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>384109104</cusip>
       <value>1422</value>
       <shrsOrPrnAmt>
           <sshPrnamt>30687</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>30687</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>GREAT PANTHER SILVER LTD</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>39115V101</cusip>
       <value>638</value>
       <shrsOrPrnAmt>
           <sshPrnamt>750000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>750000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>HARMONY GOLD MNG LTD</nameOfIssuer>
       <titleOfClass>SPONSORED ADR</titleOfClass>
       <cusip>413216300</cusip>
       <value>623</value>
       <shrsOrPrnAmt>
           <sshPrnamt>375000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>375000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>HAWAIIAN HOLDINGS INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>419879101</cusip>
       <value>1549</value>
       <shrsOrPrnAmt>
           <sshPrnamt>38626</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>38626</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>HECLA MNG CO</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>422704106</cusip>
       <value>3750</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1344200</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>1344200</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>HECLA MNG CO</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>422704106</cusip>
       <value>3906</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1400000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>1400000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>SBI HEALTHCARE</titleOfClass>
       <cusip>81369Y209</cusip>
       <value>171</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1800</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>1800</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>SBI HEALTHCARE</titleOfClass>
       <cusip>81369Y209</cusip>
       <value>428</value>
       <shrsOrPrnAmt>
           <sshPrnamt>4500</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>4500</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>HOME DEPOT INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>437076102</cusip>
       <value>2217</value>
       <shrsOrPrnAmt>
           <sshPrnamt>10704</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>10704</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>IAMGOLD CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>450913108</cusip>
       <value>920</value>
       <shrsOrPrnAmt>
           <sshPrnamt>250000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>250000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>SBI INT-INDS</titleOfClass>
       <cusip>81369Y704</cusip>
       <value>157</value>
       <shrsOrPrnAmt>
           <sshPrnamt>2000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>2000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>SBI INT-INDS</titleOfClass>
       <cusip>81369Y704</cusip>
       <value>400</value>
       <shrsOrPrnAmt>
           <sshPrnamt>5100</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>5100</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>INNOVATOR ETFS TR</nameOfIssuer>
       <titleOfClass>IBD 50 ETF</titleOfClass>
       <cusip>45782C102</cusip>
       <value>77</value>
       <shrsOrPrnAmt>
           <sshPrnamt>2000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>2000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>INNOVATOR ETFS TR</nameOfIssuer>
       <titleOfClass>IBD 50 ETF</titleOfClass>
       <cusip>45782C102</cusip>
       <value>204</value>
       <shrsOrPrnAmt>
           <sshPrnamt>5300</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>5300</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>INTEL CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>458140100</cusip>
       <value>384</value>
       <shrsOrPrnAmt>
           <sshPrnamt>8125</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>8125</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ISHARES TR MSCI POLAND</nameOfIssuer>
       <titleOfClass>ETF</titleOfClass>
       <cusip>46429B606</cusip>
       <value>363</value>
       <shrsOrPrnAmt>
           <sshPrnamt>15200</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>15200</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>KIMBERLY CLARK CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>494368103</cusip>
       <value>2253</value>
       <shrsOrPrnAmt>
           <sshPrnamt>19825</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>19825</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>LOUISIANA PAC CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>546347105</cusip>
       <value>1102</value>
       <shrsOrPrnAmt>
           <sshPrnamt>41600</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>41600</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>LUXOFT HLDG INC</nameOfIssuer>
       <titleOfClass>ORD SHS CL A</titleOfClass>
       <cusip>G57279104</cusip>
       <value>175</value>
       <shrsOrPrnAmt>
           <sshPrnamt>3700</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>3700</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MARATHON PETE CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>56585A102</cusip>
       <value>538</value>
       <shrsOrPrnAmt>
           <sshPrnamt>6724</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>6724</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MECHEL PAO</nameOfIssuer>
       <titleOfClass>SPONSORED ADR NE</titleOfClass>
       <cusip>583840608</cusip>
       <value>246</value>
       <shrsOrPrnAmt>
           <sshPrnamt>78000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>78000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MERCER INTL INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>588056101</cusip>
       <value>1134</value>
       <shrsOrPrnAmt>
           <sshPrnamt>67500</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>67500</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MGP INGREDIENTS INC NEW</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>55303J106</cusip>
       <value>944</value>
       <shrsOrPrnAmt>
           <sshPrnamt>11957</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>11957</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MOBILE TELESYSTEMS PJSC</nameOfIssuer>
       <titleOfClass>SPONSORED ADR</titleOfClass>
       <cusip>607409109</cusip>
       <value>164</value>
       <shrsOrPrnAmt>
           <sshPrnamt>19200</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>19200</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MONDELEZ INTL INC</nameOfIssuer>
       <titleOfClass>CL A</titleOfClass>
       <cusip>609207105</cusip>
       <value>461</value>
       <shrsOrPrnAmt>
           <sshPrnamt>10721</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>10721</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>NEVSUN RES LTD</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>64156L101</cusip>
       <value>665</value>
       <shrsOrPrnAmt>
           <sshPrnamt>150000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>150000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>NEWMONT MINING CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>651639106</cusip>
       <value>1510</value>
       <shrsOrPrnAmt>
           <sshPrnamt>50000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>50000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>NEXTERA ENERGY INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>65339F101</cusip>
       <value>412</value>
       <shrsOrPrnAmt>
           <sshPrnamt>2457</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>2457</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>NIC INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>62914B100</cusip>
       <value>902</value>
       <shrsOrPrnAmt>
           <sshPrnamt>60948</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>60948</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>NUTRIEN LTD</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>67077M108</cusip>
       <value>138</value>
       <shrsOrPrnAmt>
           <sshPrnamt>300</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>300</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>NUTRI SYS INC NEW</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>67069D108</cusip>
       <value>901</value>
       <shrsOrPrnAmt>
           <sshPrnamt>24321</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>24321</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PAN AMERICAN SILVER CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>697900108</cusip>
       <value>2214</value>
       <shrsOrPrnAmt>
           <sshPrnamt>150000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>150000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PBF ENERGY INC</nameOfIssuer>
       <titleOfClass>CL A</titleOfClass>
       <cusip>69318G106</cusip>
       <value>1168</value>
       <shrsOrPrnAmt>
           <sshPrnamt>23400</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>23400</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PEABODY ENERGY CORP NEW</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>704551100</cusip>
       <value>1016</value>
       <shrsOrPrnAmt>
           <sshPrnamt>28500</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>28500</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PHIBRO ANIMAL HEALTH CORP</nameOfIssuer>
       <titleOfClass>CL A COM</titleOfClass>
       <cusip>71742Q106</cusip>
       <value>964</value>
       <shrsOrPrnAmt>
           <sshPrnamt>22474</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>22474</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PHILLIPS 66</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>718546104</cusip>
       <value>445</value>
       <shrsOrPrnAmt>
           <sshPrnamt>3951</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>3951</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PITNEY BOWES INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>724479100</cusip>
       <value>778</value>
       <shrsOrPrnAmt>
           <sshPrnamt>109837</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>109837</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PRETIUM RES INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>74139C102</cusip>
       <value>2283</value>
       <shrsOrPrnAmt>
           <sshPrnamt>300000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>300000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PRETIUM RES INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>74139C102</cusip>
       <value>2283</value>
       <shrsOrPrnAmt>
           <sshPrnamt>300000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>300000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ROYAL DUTCH SHELL PLC</nameOfIssuer>
       <titleOfClass>SPONS ADR A</titleOfClass>
       <cusip>780259206</cusip>
       <value>50</value>
       <shrsOrPrnAmt>
           <sshPrnamt>280</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>280</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>RESOLUTE FST PRODS INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>76117W109</cusip>
       <value>1058</value>
       <shrsOrPrnAmt>
           <sshPrnamt>81700</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>81700</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ROYAL CARIBBEAN CRUISES LTD</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>V7780T103</cusip>
       <value>596</value>
       <shrsOrPrnAmt>
           <sshPrnamt>4583</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>4583</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>RYANAIR HLDGS PLC</nameOfIssuer>
       <titleOfClass>SPONSORED ADR NE</titleOfClass>
       <cusip>783513203</cusip>
       <value>149</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1550</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>1550</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>S&amp;P GLOBAL INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>78409V104</cusip>
       <value>1699</value>
       <shrsOrPrnAmt>
           <sshPrnamt>8694</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>8694</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SAN JUAN BASIN RTY TR</nameOfIssuer>
       <titleOfClass>UNIT BEN INT</titleOfClass>
       <cusip>798241105</cusip>
       <value>10</value>
       <shrsOrPrnAmt>
           <sshPrnamt>2000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>2000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SANDSTORM GOLD LTD</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>80013R206</cusip>
       <value>306</value>
       <shrsOrPrnAmt>
           <sshPrnamt>82000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>82000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SANDSTORM GOLD LTD</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>80013R206</cusip>
       <value>2238</value>
       <shrsOrPrnAmt>
           <sshPrnamt>600000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>600000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>SBI MATERIALS</titleOfClass>
       <cusip>81369Y100</cusip>
       <value>75</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1300</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>1300</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>SBI MATERIALS</titleOfClass>
       <cusip>81369Y100</cusip>
       <value>191</value>
       <shrsOrPrnAmt>
           <sshPrnamt>3300</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>3300</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SINOPEC SHANGHAI PETROCHEMIC</nameOfIssuer>
       <titleOfClass>SPON ADR H</titleOfClass>
       <cusip>82935M109</cusip>
       <value>694</value>
       <shrsOrPrnAmt>
           <sshPrnamt>11500</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>11500</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SINOPEC SHANGHAI PETROCHEMIC</nameOfIssuer>
       <titleOfClass>SPON ADR H</titleOfClass>
       <cusip>82935M109</cusip>
       <value>1273</value>
       <shrsOrPrnAmt>
           <sshPrnamt>21100</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>21100</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SILVERCORP METALS INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>82835P103</cusip>
       <value>1482</value>
       <shrsOrPrnAmt>
           <sshPrnamt>600000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>600000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SLEEP NUMBER CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>83125X103</cusip>
       <value>1305</value>
       <shrsOrPrnAmt>
           <sshPrnamt>35480</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>35480</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SOUTHWESTERN ENERGY CO</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>845467109</cusip>
       <value>1317</value>
       <shrsOrPrnAmt>
           <sshPrnamt>257710</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>257710</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>ENERGY</titleOfClass>
       <cusip>81369Y506</cusip>
       <value>76</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>1000</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
       <titleOfClass>ENERGY</titleOfClass>
       <cusip>81369Y506</cusip>
       <value>204</value>
       <shrsOrPrnAmt>
           <sshPrnamt>2700</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>2700</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
       <titleOfClass>TR UNIT</titleOfClass>
       <cusip>78462F103</cusip>
       <value>34</value>
       <shrsOrPrnAmt>
           <sshPrnamt>123</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Put</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>123</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
       <titleOfClass>TR UNIT</titleOfClass>
       <cusip>78462F103</cusip>
       <value>88</value>
       <shrsOrPrnAmt>
           <sshPrnamt>321</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Put</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>321</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SSR MNG INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>784730103</cusip>
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       <cusip>89151E109</cusip>
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