how to use the $750mill, page-31

http://blogs.wsj.com/dealjournalaustralia/2013/01/14/jpmorgan-marks-card-on-2013-ma-targets/

"PanAust is our highest conviction takeover target because it’s a standout target for OZ Minerals OZL.AU -2.43%. It’s expected to produce around 68,000 tons of copper this year , its mines are porphyry-style deposits and the average mine life of each asset is above ten years, all factors OZ Minerals is looking for. PanAust is one of the largest remaining listed copper pure-plays left with an open register and we believe it will only be a matter of time before it gets acquired. We also believe Sandfire Resources SFR.AU +2.74%is a likely target for OZ Minerals, but wouldn’t expect a takeover until resources are more defined."