Unfortunately his analysis is not right. He is confusing revenues with earnings. P/E of 60 is not the same as Price/Revenue of 60. If you are only doing $1M/mon

Unfortunately his analysis is not right. He is confusing revenues with earnings. P/E of 60 is not the same as Price/Revenue of 60. If you are only doing $1M/month and your margins are say ~10%, you will end up with a value of $60M not $600M.