this article provides some information on lobo-marte, which appears to be a bargain at $46/oz. the author goes on to say projects normally sell for $100-150/oz, but the large companies are taking advantage of the depressed market for juniors by buying these assets while they can.

Kinross, Teck Cominco, and Anglo American on Lobo-Marte

Kinross recently entered into agreements with Teck Cominco (TCK) and Anglo American plc (AAUK) to purchase their respective shares of the Lobo-Marte gold project in northern Chile for an approximate price of US$250 million. As Teck and Anglo hold 60% and 40% of Lobo-Marte, respectively, and it may be a challenging project to develop, it seems to be a good choice for divestiture. From Kinross’s perspective it appears to be a good fit.

Lobo-Marte while located in a remote area of Chile at high elevation is situated between Kinross’s Maricunga and La Coipa mines. The project is within trucking distance to the La Coipa mill for processing and development of Lobo-Marte would benefit from close proximity to Kinross’s organization and personnel. The Lobo-Marte project has a total gold resource of about 5.9 million ounces of gold (5.4 million ounces of Indicated gold resource and 0.5 million ounces of Inferred gold resource). This would imply for projects under development, well situated to other projects (in remote areas), located in politically stable jurisdictions, may sell for $46 per ounce price for Indicated resources.

http://seekingalpha.com/article/1105...