For some reason it seems like you provided more info than we really needed to know.

The math comes out to 1.33 cents per mile. That is a reasonable although not outrageously cheap price. We may not see anything better this year.

You can view this another way. Currently it costs 100,000 miles to get a business class ticket on a Star Alliance partner to go from US to Europe. At the price above that would come out to $1333.