letter to mark lynch, page-18

Dear Mr Lynch,

I'm not a CTO holder (I would consider investing if things improves)but have made the following observations:

1. the majority of your shareholders are seriously unhappy. They are unhappy for a reason/s.

2. nowhere in the HC forum have I observed this level of frustration and anger expressed by stakeholders.

3. SP have languished far too low and for far too long.

4. being the major stakeholder, its incumbent upon you and your management to do the right thing ie increase the wealth of ALL participants in CTO.

5. You have been generously paid to do so.

6. Given the potential that CTO has to offer, it is rather surprising that no other parties have been invited to accelerate the production process.

7. Treating CTO as your own "honey pot" and not adding value to CTO is doing yourself a dis-service.

8. should your miserable 20,000+ oz not materalize in EOY08, you and your management will be the laughing stock of the gold mining community.


kind regards
lum