367. Effect of laches.

367.     Effect of laches.

Having regard particularly to the speculative nature of mining property, a person claiming to assert an equitable right with regard to such property, as to a share in a renewed lease1, must apply for relief promptly, otherwise he will be refused on the ground of laches2. However, this rule is not applicable if the applicant has been refused information necessary to enable him to decide what course to adopt3.

Laches is not, however, sufficient to bar a legal right4. Abandonment must be shown5, but abandonment