SMITH v. LONG

Nos. 77-239, 77-1090 and 78-019.

578 P.2d 232 (1978)

Loren E. SMITH, Plaintiff and Third-Party Defendant-Appellee, v. Clyde H. LONG, Defendant and Third Party Plaintiff-Appellant.

Colorado Court of Appeals, Division II.

April 6, 1978.


Attorney(s) appearing for the Case

Thomas R. Young, Thomas J. Zavislan, Lakewood, for plaintiff and third party defendant-appellee Loren E. Smith.

Nelson, Hoskin, Groves & Prinster, P. C., Gregory K. Hoskin, Jon E. Getz, Grand Junction, for defendant and third-party plaintiff-appellant Clyde H. Long.


VanCISE, Judge.

On January 17, 1958, American Sovereign Mines leased certain unpatented uranium lode mining claims to Gaddis Mining Company, receiving as consideration $5,000 at the inception of the lease plus prospective royalties from production. The primary term of the lease was 20 years, to continue for as long thereafter as mining operations were being conducted on the premises. By 1962, Gaddis had expended a net amount of $107,187 for development of 3 acres...

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