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Darn, messed up range on last time.
1:1, on the market
http://www.tf2outpost.com/trade/12826393 - second owner, no trace of the first one.
Had a B/O of 2 buds, sold for a bud + 2 keys (pg3 - http://www.tf2outpost.com/backpack/76561198093531274 )
http://www.tf2outpost.com/trade/12859017 and http://www.tf2outpost.com/trade/12859200
No offers, sold for O. Fire Fukaamigasa (~24 keys*0.9 = 21,6), S.F. Buff Banner (~4 keys), Salvaged #50 (~3 keys), Shogun's Soldier Guard (~2 keys), S. Original (~3 keys) and #79 Soldier's Slope Scoper's (~4 keys)
Total ~37 keys
(note: prices are taken both from overpay and what is listed on http://www.tf2outpost.com/user/63904 )
http://www.tf2outpost.com/trade/12862820 - B/O of 3 buds, no offers.
First sale seems to be a quicksell, and from the later sellers it seems the hat can go for more, thus 1.1 is not included in the range. The current seller's B/O is far higher than what it sold for previously and seems to be rather unrealistic, but as always, it doesn't matter.