RE: unclear about the uranium propertyAs a tax professional, I don't think the tax issues regarding the spin-out are that tricky once the appropriate values have been determined.
I think the business issues are going to take more time. Do they spin the sub out to shareholders? Do they drop a few drill holes to show that uranium exists and sell to another uranium producer and use the funds to further their other mining interests. Do they drill a few holes and, if the results are good enough, try the IPO route to raise cash and maintain an interest in the properties?