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OZ Minerals has cash, but has lost Credit

Fresh from speculating on what Regis Resources should be doing, tier one investment bank Credit Suisse is now crystal ball gazing on the possibilities ahead for OZ Minerals in the wake of adding to its cash position after selling A$125 million (US$96 million) worth of Sandfire shares.

And as with Regis, Credit Suisse appears to be suggesting OZ might be interested in the Cowal gold project in New South Wales that Barrick recently announced was a divestment asset.