You note good points SC. Some I agree with, others not so much. I see it like this and I'll use this analogy. I want to buy a pick up truck (SWY). The guy at the dealership says it comes with a trailer (Spin off properties, let's use SOP as the acronym) but I don't want the trailer (SOP). If I buy the truck (SWY) is the trailer (SOP) cost buried in the buying price of the truck (SWY)? Am I paying a premium for the truck (SWY) because of the trailer (SOP)? I see the immediate value and long term potential in the truck (SWY). The trailer (SOP) not anytime soon. I suggest, take the trailer (SOP) off, let someone else maintain it (Eira) reduce the price of the vehicle (SWY) but I want the option to get a percentage of use out of trailer (SOP) later if i need it or want it years down the road.

A decade ago I was concerned about the then and there as we were a junior exploration company. Blue sky potential was a concern of mine. Today, we are on the cusp of becoming Canada's next major diamond producer. If it means spinning off the Qilalugaq, Pikoo and Timiskaming exploration projects but keeping a piece just in case, I accept the decision if the logic is that it makes Renard more cost attractive for a buy in.

In this case and stage of the game, I'll take the bird in hand verses the two, or in this case, the three in the bush......