Sorry I haven't posted in a while but had some personal emergencies to deal with.  I too am surprised it corrected quite as much as it did (expected .07 or .08 to hold). Regardless, we are where we are now.  It now all depends on the partners willingness to move forward with Phase II.  If they do, we're back in double digit cents (though likely not by much).  My understanding is that they may be trying to restructure the terms of the deal to make it more attractive to the partners, thus increasing the liklihood of them saying yes.   Likely will know in January some time.