Also I don't think anyone has said they agree or disagree with my theory, that Peter Thiel et al would invest looking for more than double their investment. so $36 would be a very conservative value based on their investment.
I would say they would be looking for at least 3 times their money back, some would say even 5 to 10 times. So assuming they want 3 times their money back, and if all goes well, XRO should be worth $54 at some point.
And I don't think they would base their return on the best case scenario, so if XRO is very successful in US, it could be worth a lot more than $54.
There's too many variables that would affect future share price, but the expectation is that if XRO is successful, one day it will be worth a lot more than what it is now. Sure, it could be over-valued now, but compared to future SP, it could still be very cheap. No sensible investor would buy now if it's fully priced for future growth, because it means the SP could only go down from here, you would be better keeping your money in the bank, and still make interest. Which some would argue that's what you should do.
I expect if there's no bad news, XRO should be trading at $50+ at some point in the near future (think 3 to 6 months). When? I would have no idea. Will it go much higher? I would have no idea either. The previous high of $41.50 is not that far from $50. In the short term, it could go up to $50 and pull back, but it will happen!