If you're in the cyclops room just bring a bow and arrows, you can't do range damage to the cyclops. Downstairs just try to get to the armor room and set it up like Hustle said. They won't be able to attack you. Also you can go from bronze to dragon with less than 200 tokens. The trick is to stand by the door, kill 1 cyclops, leave the room then repeat. As long as you're not in the room for more than 1 minute you won't burn any of the tokens.