VALUING CTP as an ONGOING BUSINESS, page-2

RBA has lowered Bank rate to 1%. This lowers income for people wanting stable higher interest income.

CTP has capacity to pay dividends which are very attractive. Declaring dividends makes CTP highly attractive for dividend yield and justifies a much higher share-market price.

At share market price 14 cps ( todays price ), 21 cps ( Brokers valuation ), 83 cps ( CTP sale as an ongoing business at bargain price ) :

dividend of 1 cps yields 7.14 %, 4.76 %, 1.2 %

dividend of 2 cps yields 14.285 %, 9.52 %, 2.4 %

dividend of 3 cps yields 21.4285 %, 14.2857 %, 3.61 %.

CTP has capacity to spend $ 20 million a year every year for next ten years - thats $ 200 million spent on exploration / discovery of new replacement resources creating much longer production life for company.

At same time it can pay these dividends with highly attractive yields. This is stable ongoing basis powering share market value.

Articulation of Boards detailed proposals for company development scenarios are due. They should be published well before AGM so shareholders review, discuss, form views, and lodge any proposals for voting AGM.