OCR Text |
Show 160 (3) The lands conveyed by the verified transactions (12,809.20 acres) represent a fair sample of the vanadium-bearing subject lands to be evaluated (325,690 acres). (4) The lands conveyed by the verified transactions are well distributed throughout the general area of the vanadium-bearing subject lands of the Southwestern Colorado area. (5) Much of the lands conveyed by the verified transactions embraces portions of the vanadium-bearing subject lands. (6) The lands conveyed by the verified transactions and the vanadium-bearing subject lands are both underlain by the same vanadium-bearing formations and both in general possess the same geologic possibilities for the development of commercial ore bodies, Value of Vanadium- Bsaring Subject Lands. As before stated, the majority of the verified sales transactions cover lands situated within the area of Zones 1 and 2 and the market value established by these sales applies directly to other lands within those zones. It is recognized that the vanadium-bearing subject lands within Zone 1 possessed a greater market value as of June 28, 1938 than did the vanadium-bearing subject lands within the area of Zones 2, 3, 4 and 5. This lesser value, |