I subscribe to Newing's website. He is an ex mining analyst. He identifies stocks of interest and does his own research.
I won't cut and paste from his page (it's his copyright) but he did update his view overnight and gives a tentative value of $12 per share. He hasn't prepared a detailed report yet (he sells those separately on his website and is working on others at the moment) and describes the valuation as a "gross simplification".
He sold another stock (FGR) to buy more CXL yesterday but did say there is a chance of a retrace. He remains bullish.
He also referred to some research by Cannacord but I haven't seen that.
CXL Price at posting:
$5.39 Sentiment: Buy Disclosure: Held
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