I personally don't see us going past 40.5c until a discovery is officially confirmed - remember that 40.5c equivalent is now 50c+ with recent dilution.
My best guess is 20-25c spud, 30-40c hype and then a burst through $1, like we saw with MAY hitting 20c way back when, before settling back down to 70-80c.
Of course this is just on discovery news, any further value adds on resource size, flow rates, PPSA, REDD project, helium etc and in my degenerate opinion this quickly becomes $2+ and a prime buyout target within 12-24 months.
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