If I am not mistaken the 'M' in CPM stands for 1000 not 1m. the M is a roman numeral for 1000. That would also be more on par with what I am seeing other youtubers get (see AdamGibbins's link).
I meant $1 per 1,000 views. My calculation of $5,000 for 1,000,000 views was meant as an extension of the calculations for those that wanted to work out the total.
