YT depends on how much money you have to throw at the heads,...

YT depends on how much money you have to throw at the heads, where you think the SP will end up over the next 4 years......and how long you intend to hold. For CTPO to be in the money CTP needs to be above .206 based on CTPO current cost .046.

4 years is a long time and could allow a lot of drilling/discoveries etc to be made.

If only one of the current prospects is proved up IMO the SP will be well in excess of .206. IMO this level could even be achieved once we begin to spud......

At .206 the profit on $1000 of shares @ say .09 purchase price ie 11,111 shares is $1288 For the options at .206 on $1000 of options @ say .046 purchase price ie 21,739 options you breakeven. At this level you are, clearly, better off with the shares.

When the CTP SP reaches .327 profit from the shares and the options is the roughly the same ie $2633.

For every .001 Cent movement in the SP above .327 you are better off by $10.63 if you hold the option.

In this example should the SP ever reach $1.00 by holding the options you would have 673 * $10.63 ie $7152 more profit.

Let you make your mind up what is better for you....I personally hold a mix and have accumulated both subsequent to the rights issue.

You may also like to do your own Calcs as I cant guarantee mine but you get the picture.....