WAF – Macquarie rates the stock as Outperform

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Drilling results from Sanbrado in Burkina Faso impressed Macquarie. High-grade has been confirmed at depth and there is abundance of visible gold, with a further five assays still pending.

The broker retains Outperform and a 50c target.

Sector: Materials.

Target price is $0.50.Current Price is $0.41. Difference: $0.09 – (brackets indicate current price is over target). If WAF meets the Macquarie target it will return approximately 18% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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