Hartleys has increased its price target on West African Resources (WAF) to $0.40/share following a site visit by analyst Scott Williamson to the Company's Tanlouka Gold Project in Burkina Faso.
Williamson said: "The M1 discovery is one of the best high grade discoveries in West Africa for some time and is testament to the persistence and expertise of the WAF exploration team. Our recent site visit to Tanlouka confirmed WAF as one of the better West African gold explorer/developers around. The combination of strong management and a first class discovery should continue to drive further share price appreciation in the near term."
