simpson 1 , page-5

Malman

U raise some valid points, when u get a chance check out the presentation they did last month.

All we know they have $15m cash & $80m rolling convertible bond & 40-50% of costs are shared with the JV partners. The credit crunch has hit many big & small explorers out there, but for the time being CTP seem well funded for the current exploration program. Should things get bigger ie development etc then i'd anticipate a cap raise, although a farm-in with a bigger player would suit them one would think.

If in doubt, i'd ask questions directly to the company as a shareholder, they'd know the long term situation more clearly once the program ends successfully, still early days IMO & all storms can be weathered.

One has to b the ultimate optimist & researcher to b in the exploration sector & the rest comes down to dame luck, supply & demand, commodities price & a smart management team.

cheers