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Expertise, Experience and Knowledge
  • Experience including 20+ years in both Investment Banking and Equity Research

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  • Investment Banking/Corporate Finance

    • 13 years:  Deloitte, CIBC World Markets, Gryphon Partners, Oracle Copper Corp., RCI Capital Group Inc., Anthem Capital Group Inc.

    • Origination of ideas and transaction oriented

    • Fund raising and analysis (review of equity, debt, royalties/streaming)

    • Offtake analysis, negotiation and evaluation

    • Prior mining bases include: Toronto, Australia (Sydney, Perth) and Vancouver

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  • Equity Research (Senior and mid-tier gold producers and developers)

    • Seven years: RBC Capital Markets, Raymond James

    • Awards won: WSJ Best of the Street, Top 5 (2006, 2007)

    • Mining specific evaluations to select top performing gold companies

    • Recommending and opining on gold equities to pension, mutual and hedge funds

    • Metal price and commodity forecasting

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  • Detailed mine financial modelling and valuation

    • Roll up to a NAV approach for internal valuation or public markets/Equity Analyst’s valuation purposes

    • Financial modelling for forecasting, budgetting and publishing of quarterly and annual guidance information

    • Valuations for internal purposes or specific to a corporate opportunity

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  • Offtake analysis in choosing the optimal terms and negotiation

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  • Evaluation of target(s) and accompanying merger model(s) for accretion/dilution purposes

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  • Presentation to boards and management to present conclusions and defend assumptions

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  • Ability to communicate with lawyers, target’s financial advisors, geologists/engineers, accountants from introductions phase through to due diligence and negotiations phase

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  • Site visit availability and due diligence

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  • Idea generation and origination of corporate or asset opportunities;  approach target companies on a no-names basis

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Independence, Experience, Integrity, Client Driven, Performance

Paul O'Brien, CFA - President


Paul has over 12 years of corporate advisory and investment banking experience focused on precious and base metals mining industries, while gaining experience in the major mining markets of Toronto, Vancouver and Sydney, Australia as a member of bank-owned capital markets groups.  In addition, his equity research experience spans seven years covering senior and mid-tier gold producers, developers and also involved  precious metals forecasting at both mid-tier and bank owned firms.  During this time, he was ranked in the top five of Wall Street Journal's "Best on the Street Analyst Survey" for North American Mining Analysts two years in a row.  

 

Before returning to Toronto, Paul was a Partner for an independent mining-focused M&A and corporate advisory firm, that was acquired by Standard Chartered Bank (UK) then later as VP Corporate Development for a publicly listed copper developer.  Most recently he was V.P. at an Asian-focused Investment Bank based in Vancouver, also focused on the mining industry. 

 

Paul received his B. Com. from McMaster University and is a CFA Charterholder. 

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