I wonder when it will dawn on the MARTU the opportunity cost to them of not developing Lake Disappointment in a timeously manner. While Reward has exhibited good faith in the term sheet agreement the Martu by their inaction dont seem to be doing things in good faith. The commercial terms which are out there for the public to see are the most important part of the agreement. The cost of development remains with Reward.
But the most significant aspect of all of this is that because Reward has tied up the legalities properly in pegging the area THIS PROJECT CAN ONLY BE DONE BY REWARD. As this project is held by Reward the opportunity cost to the MARTU lies in not developing this project. I would have thought that in the end the simple loss of cash flow to the Martu will be the catalyst to sign.
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