DB, you are correct and Falcon cannot be a reliable backer for PHUN at present.... But if Mako proves to be a hit, Falcon would exericse its option if Buckskin is promising.

What I am trying to say is that we cannot disregard PHUN as its performance will be reflected in our SP for now (and excluding results of Mako) as we have committed ourselves .... I am not saying that we should be buying PHUN but FO shareholders who imply that PHUN is bound to failure are also shooting themselves in the leg. Unfortunately we have inherited it and have to monitor its performance.