Nothing personal, but I think your math is a bit flawed. Market cap is directly connected to SP. If the current market cap jumps up 20 times, so will the SP, as the number of shares is the same:

Let's say SPQ hits one major find this week, equivalent to DE1. The value of the property shoots to the same at NOT's to the west. All told, the JV is now worth (for the sake of argument; it will likely go higher on the excitement) about $500mil. SPQ is a 25% stakeholder, so their market cap jumps to $125 mil.

This is about 4 times their current market cap. Since no more shares are issued, that means that their SP will jump 4 times. So you can see that the fact that SPQ has 300mil shares has nothing to do with the multiple gain. It just means that for the stock to hit $1 or more, the market cap has to be larger.

If I missed something, let me know (as I am sure everyone will). Don't base your flames on my market cap level of $500mil, that is not the point of this post. Just the basic fact that the number of shares will have no impact on the gain multiples of the SP.