“In the end, I suspect he could probably have taken her anyway. If our more pessimistic assumptions about what he may have added to his fleet mix without mentioning it to anyone are accurate, the odds swing even further in his favor. But in answer to your question, if I were him, I’d concentrate on the inner system.”

“But as long as the Star Kingdom continues to hold the terminus, it can always reinforce or counterattack,” MacDonnell pointed out.

“That assumes it has something to counterattack with,” White Haven said in a much grimmer tone, and waved a hand at the gleaming icons of the inner system. At this range and on such a scale, all of Third Fleet’s ships of the wall formed a single green bead. “Third Fleet has almost a hundred ships of the wall in its order of battle, including forty-eight of our SD(P)s, Niall, and two SD(P)s are down for local refit. We have exactly two—count them; two—more squadrons of them with Home Fleet. We have another squadron of them assigned to Sidemore Station. We have a fourth squadron assigned to Grendelsbane. And we have, at the moment, four more of them in various stages of overhaul and working up back home but not assigned to Home Fleet. That’s it, even with the dribs and drabs Janacek has managed to add to his order of battle. If Theisman could take out Third Fleet, he’d destroy around a third of our pre-pod wall and two-thirds of our total modern wall. That makes Theodosia’s ships his true objective, and if he can pin them against the star, force her to defend San Martin, he has an opportunity to destroy them.

“If he pulled that off, he could deal with anything we had left with relative ease. To be perfectly honest, the only remaining counterweight the Alliance would have would be your own fleet, and Grayson would find itself facing much the same quandary the Manticore System faces. How much of your home fleet can you afford to commit to offensive operations?”

“To be honest?” MacDonnell shook his head. “We’ve probably actually exceeded that limit by what we’ve deployed here. Not that I think it was a mistake to send us,” he added hastily. “I think Lady Harrington and Mr. Paxton are correct in arguing that the Peeps are unlikely to make Grayson one of their priority objectives. That could change, of course, especially once word gets back to them that a sizable portion of our Navy is reinforcing here at Trevor’s Star. But at the moment, they almost have to be assuming the GSN is still concentrated at Yeltsin, and they aren’t going to want to provoke us until after they’ve dealt with your SD(P)s.”

“Exactly,” White Haven agreed, hiding any trace of the instinctive irritation he felt. It wasn’t anything MacDonnell had actually said. Nor was it anything White Haven could have disagreed with, even if the Grayson had put it into so many words. But it was unutterably galling for any senior Manticoran admiral to hear a Grayson calmly assessing the RMN as only the second ranking navy of the Alliance.