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.
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).