The economics for Kinross to buy out their Fort Knox Gil joint venture with Teryl (20% Teryl) would be ridiculously good.

Buying out Teryl even at $1.00/share would be $59 million one time. Kinross would likely profit from the closer-by (about 3 miles each way less hauling) and higher-grade (roughly 4-8 times higher grade depending on pit design) Gil Venture ore to blend in with Forst Knox ore, net of costs ($250/oz for the Fort Knox heap leach) and net of hauling less low-grade from the Fort Knox pit (limited trucks, can't haul everything at once) by roughly $165-$235 million/year for 5-8 years. Will post better figures when I have them (probably on Agoracom's Teryl hub at http://agoracom.com/ir/TerylResources/forums/discussion , but maybe here as well).