Please explain how you used the pro-forma numbers

Please explain how you used the pro-forma numbers to determine a market cap of over $1.5 billion. Depending on how many planes they obtain during their first year, that could be significantly higher than .59. If they can get ANY profits their first year, that'd be superb. Right now their projected profit margin is 15%, $18 million profits, on one plane, so we can safely assume that additional planes will increase profits if the planes are leased or purchased at a steep discount.