Hard to say. need more detail but..
JV is 51% FBR 49% CRH.
CRH fund machine purchases for JV.
JV buys blocks from CRH
FBR get profit (if any) on machine purchase and JV pays them to maintain.
Profits gets split 51%/49% after all costs in JV
$20 bill valuation is a pipe dream. would need to be 1000s of machines in many different countries laying billions of blocks a year.
FBR just need to worry about gettting the JV done and building 20 machines with OEM help.
Hard to say. need more detail but..JV is 51% FBR 49% CRH.CRH...
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