Yes your configuration can work as you have below. You can organize your Target Volumes in many ways. You can create a target by assigning a name or leave the "Target Default Name" option checked.


Volume 0
-> target1 HostA
tvg0 -> 40gb
tvg1 -> 40gb
tvg2 -> 40gb
-> target2 HostB
tvg0 -> 60gb
-> target3 HostC
tvg0 -> 60gb
-> target4 HostX
tvg0 -> 60gb