VICTORIA -- British Columbia's Conservative leader has brushed off the latest calls for his resignation by saying it's simply a minority of dissidents making a lot of noise.

But the noise threatened to become deafening Wednesday as a collection of constituency association presidents, angered by Cummins' earlier ultimatum that they get in line with his leadership or leave the party, issued their own edict to the embattled leader: Quit by Friday or the money dries up.

Ariane Eckardt, constituency association president for Burnaby North, said Cummins' continued leadership has prompted potential donors to the party to put away their wallets.

The money on the line is substantial, she told the news conference.

"I have been told now several times that there are people waiting in the wings to get this party healthy again so that they can support us," she said.

But even before their news conference, Cummins issued a news release noting the B.C. Conservatives raised over $200,000 in the first nine months of this year, leaving the party in the best shape ever.

He said that in 2012, the party will raise as much as it did in the previous seven years combined.

"I'm pumped, I think that things are going remarkably well," Cummins said in an interview as the dissidents held their news conference.

"We've had a bit of a surge actually since these troubles have started and that suggests people are looking beyond the noise and at the substance of the party and they're liking what they see."

Cummins said the party had 14 resignations between his ultimatum Sunday and his Wednesday deadline, but since September, he said the party has attracted 381 new members.

He acknowledged the questions of his leadership have been problematic.

"It's a pebble in a can, it makes a lot of noise, but it's not really substantive, that's the issue."

John Crocock, the Conservative member who was among the first to go public with complaints about Cummins' leadership, said the situation is currently stuck at a stalemate.

"Hopefully common sense will prevail," said Crocock, who wrote the letter last month calling for a leadership review.

"I mean if it continues the party will go down in flames and hopefully that is not going to happen."

Complaints about Cummins' leadership have been brewing over the last several weeks, but last month, party members voted just over 70 per cent in support of his leadership and against holding a leadership review.

Cummins touted the vote as proof that questions over his leadership should be put to rest.

Hours after the vote, the party's only sitting MLA John van Dongen quit the party saying he didn't believe Cummins had the capacity to do the job.

On Tuesday, two riding association presidents issued a letter saying Cummins has plunged the party into a self-destructive process.

Eckardt said there are about 20 constituency association presidents who are onside with calls for Cummins to go.

But Cummins said the presidents don't represent many members.

"The riding associations that are represented by those presidents, it's not great. The membership in some of those ... constituency associations is in name only. They have not been able to grow their own members in their own regions."