The deposit is exactly the same as CMMs original deposit- KGP. Similar in terms of ounces, grade, tonnage, and production profile and low cost AISC due to simple open pit bulk mining.
CMMs market cap is currently $4bn. About 40% of its market cap is KGP, the rest 60% is the larger Mt Gibson project i imagine. So about 40% of 4bil = $1.6bn. Deduct the capex of $360m odd for plant, feasbility, drilling, and its $1.25BN equity valuation for Barton shareholders. Deduct another $100-200m as KGP is slightly bigger right now, so around $1.1bn should be bartons valuation closer to production. It could exceed these prices substantially if gold prices grow further in the next few years.
At current prices of $200m, it can do another 5 times+, this may be the best gold development stock on the ASX. The others MEK and AZY are already at the $500m market cap range for similar levels of resources.
In terms of production timeframe, it will probably start in early 2029(20 odd month construction timeframe stated), thats if it isnt taken over first.
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