Hey guys, you're all missing the biggest issue with this calculation - it has a 10% conversion rate (USD/BTC) increase per MONTH built in. Remove that and you'll make a whopping $2000 on your $1.3M investment.
You CANNOT allow for an increase in the conversion rate to be factored into mining profitability, as you can simply hold the equivalent in BTC and see the same USD-denominated increase.
EDIT: Seems I missed a digit somewhere. I hope for all of your sake that he actually delivers.