Schoepe v. Pacific Silver Corp.

*942OPINION

THE FACTS

In April 1963, appellant Adolf Schoepe (“Schoepe”), and Ruth and James D. Williams (the “Williams”) formed an informal partnership, Lion Hill Mines (“LHM partnership”). In 1971, pursuant to a joint venture, LHM partnership purchased the Buckskin Mine site — the mining property at issue in this litigation (“Buckskin site”). In 1980, under an installment purchase contract with the Williams, respondent Pacific Silver Corporation (“PSC”) mined the property for several years and, under an option in the contract, leased and attempted to sell the Buckskin site to another company.

In…