Love the enthusiasm, but remember Spartan has 2.5mtpa plant sitting idle ready to go. That could do 150,000 oz or more a year. BTR has 0.5mtpa which needs rebuilding.
The comparison BTR wouldn't want is Ausgold which also has 3m oz, same mc as BTR will be but SP hasn't gone anywhere for years. They need to fund and build a new plant.
The interesting part of the announcements that hasn't got much airtime is that Genesis picked up a stake to join SBM btw which is interesting and that they have a funding deal to rebuild the plant.
So I'll meet you half way. MC target not as much as Spartan but has to be more than Ausgold. That's still about $500m
Brightstar vs Spartan, page-3
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