Just in case anyone is wondering how deep the deposits are for Maronon Metals (ASX: MMA) compared to the Eiffel Tower, they've put the below image in their quarterly report for scale.
Genuinely made me laugh. Anyway, how I stumbled across this you ask? I recently started looking at AIC Mines (ASX: A1M) as potential exposure to copper.
When you look at their Eloise Copper Mine and surrounding deposits you'll see Maronan Metals sole project (aptly named Maronan Project) sitting on its lonesome surrounded by AIC prospects.
Without diving into an assessment on the resources NPV or potential IRR, here’s some facts – they raised capital last year, will likely need to raise capital again this year with only ~3 quarters left of funding. Both their Chairman and MD have referenced trying to increase awareness of and investment in MMA both in the 2024 annual report, and also in their recent quarterly.
Given the locality of this project to A1M, the below meme seems suitable.
Hope is not a strategy - not held & not interested.
But the Eiffel Tower reference gave me some lols.