Here are Teck's most advanced copper projects I can find with the estimated capex, grade, size...
I guess the only worry is the new capex for a 120ktpd project costs more than Galore Creek and you likely get a <10% IRR.
Project
|
Location
|
Teck JV Partner
|
Tonnage
|
Grade
|
Capacity (tpd)
|
Initial Capex
|
Quebrada Blanca Phase 2
|
Chile
|
None
|
1.5B
|
0.48% Cu, 0.018% Mo
|
135,000
|
$6.9B (est. June 2011)
|
Relincho
|
Chile
|
None
|
0.8B
|
0.47% Cu, 0.026% Mo
|
75,000
|
$3.9B (est. 2011)
|
Galore Creek
|
NW - BC
|
NovaGold (50%)
|
0.5B
|
0.59% Cu, 0.35 g/t Au
|
95,000
|
$5.2B (July 2012)
|
Schaft Creek
|
NW - BC
|
Copper Fox (25%)
|
0.8B
|
0.30% Cu, 0.02% Mo, 0.2 g/t Au
|
100,000
|
$3.0B (Sept 2008)
|
Halilaga
|
Turkey
|
Pilot (60%)
|
0.24B
|
0.28% Cu, 0.30 g/t Au
|
50,000
|
$1.2B (Oct 2012)
|