I really think divends in the early days don’t comes into the mix. Firstly,?I am not trying to over cook this and sound like an upramper. If this works, hang on to your hats purely on the numbers alone. You seriously cannot work it out on your IPhone calculator as it crashes, so you have to turn it sideways to get overall calculations ! From what I have been able to roughly workout, China alone lays close to a trillion bricks per year or there abouts. As an aside, Most capital markets price a company and potential market by taking the 100% total addressable market, then discount that by 80%, and work off 5% of the remaining 20% to use as a starting point, for there own ultra conservative risk analysts allowing for growth. So I reckon that’s why the big boys are sitting tight at the moment. Now with FBR also having there own block that they could use in any country whilst getting a clip from every brick down the chute by tendering out the “block recipe” that would or could be used under licence by brick manufacturers of which there is thousands in China ! I’m surprised that more discussion hasn’t developed around Mikes release stating they now have there own block that I’m sure they will patent if they haven’t already, and the real potential revenue of this, besides machines, DST, and there software applications. This alone a huge future growth/ revenue opportunity.
These Thoughts are just some of things rattling around in that mug of mine as we try and place potential pipeline value.
We might need a few more lines added in the Excel spreadsheet
As always, I am happy to be corrected on any of the above as I am certainly no expert.
A good start though none the less mate
Regards
J
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