This deal is actually a little bit better than rico's initial evaluation. The Kinross shares are down about half from 6 months ago, so if they recover to a reasonable price that adds ~50 million USD to the deal. Plus, there is the 1.75% smelter royalty on 60% of production. That works out to ~ $50/ounce plus royalty, which would be ~$8/ounce at $760 gold. Still well below historic standards, though.

How would this translate to KXL? Sounds like this deposit is at altitude and probably remote, so costs will be high. Chile is mining-friendly, but probably riskier than Canada. KXL is in a historic mining district with infrastructure (power, roads, housing, etc.) in place. If KXL can get $100/ounce in ground, that would work out to >$1/share for every million ounces they prove up. Considering that seat of the pants calculations based on the results so far show KXL probably has a minimum of several million ounces, that's several dollars per share so far.