Future Valuation, page-128

Your calculation assumes 1.5m USD per month for the first 12 months, whereas Andy's comments forecasted a 1.5m USD per month starting from the 12th month. I would expect less than that for the first 11 months, but would like to see it grow by an exponential compound amount per month for the first year, so perhaps we're looking at $100k for the first month, $250k for 2nd, $500k for 3rd ... etc. But from a fundamental calculation perspective, the mcap will likely rerate to include forecasted profits for the duration of the contract length, and then fluctuate from a benchmark price from there.

And also are you dividing by 1.13 million shares or 1.13 billion shares and just typo-d the M?