The size of the pie doesn't change, the spin-out just cuts the...

The size of the pie doesn't change, the spin-out just cuts the pie in to two pieces.

I haven't crunched the numbers in detail, but take the ~$70m market today. After the spin off there will be ~$64m worth of Arizona Lithium shares and ~$6m worth of Diablo shares.

Diablo will no doubt need to raise capital for further exploration and development of their copper and gold assets. Personally I would prefer the value of my lithium investment not to be impacted by the risks and dilution associated with the copper and gold projects. There will be enough of that when Arizona Lithium need to raise more funds to progress Big Sandy.

By cutting the company in to two pieces it lets us investors decide which piece of the pie we like more, which IMO is a great thing. I assume that most HWK investors are here for the Lithium, not the copper and gold.