MH ...
KWG will have a share of the "spoils" in the UC JV (McFaulds) and the Freewest Option, but it probably won't be equal. I believe all the information on JV percentages is in the LINK section of this Hub.
KWG has decided not to actively participate in the funding of McFaulds and Freewest Option exploration. They have made it very clear that they are the "diamond explorers" and will work the MacFadyen claim. It's about as simple as that.
If you're interested in a diamond play, it's KWG. If you're interested in base and precious metals, it's the other guys - SPQ, FWR, NOT, etc., etc. Hope this helps.
Suggestion: To pay your university tuition - go with "the other guys" :)
Snug