Bodyguard and competing products, page-24

Here's my take on the sp valuation above.
With 1.7 Billion shares on issue and $1.5M in revenue for 2015 OBJ has a price/sales ratio of 65.
Retaining this p/s ratio, $20M (performance milestone for 2017) gives OBJ a sp of 74c.
Even revenue of $5M gives us a sp of 18.5c. This is close to the figure (16c) Baker and Young were alluding to in their recommendation of October 14.
So from above to get to $1 we need revenue of $27M.

Having said that a sp of $1 is a 1.7 Billion market cap. Just saying that is a little unbelievable to me.