This one's strictly a small stake punt on a mining explorer. From what I can gather (disclaimer: I have no idea what I'm doing), $40m Red Metal have good low-hype, high-disclosure management and 5 sites, a couple of which are mid-exploration and therefore more than just patches of dirt:

• Sybella is a giant rare earth patch in granite 20km from Mt Isa.
• If they can prove out a cheap acid heap leach extraction method (testing underway, early indications = maybe), it might just have a monster mine life at low cost.
• Low-hype geologist on youtube confirms 'massive tonnage, seemingly quite good extraction using relatively high PH which are all the things we want to see'
• 40% stake in $56m Maronan Metal (ASX: MMA), a silver-lead project in Kloncurry, apparently a good location and they describe the project as a 'Cannington analogue'.

Here's some February conference slides for a starter.