Jim Mustard B.A. Sc. P.Eng - Director
Jim worked in the mining finance sector for over 15 years as both a VP and Senior Mining Analyst and VP Investment Banking with Haywood Securities and PI Financial. He also served as President of Canada Zinc Metals Inc.; and is currently a Director of Explorex Resources Inc. and Kilo Goldmines Inc. and is President & CEO of Four Nines Gold Inc. Before working in the capital markets, he managed a diverse range of projects from exploration to operating mines.
He brings to Cipher an ability to combine an extensive technical knowledge with a deeply embedded financial discipline that focuses on the value proposition supporting investment decisions.
Jim has a Bachelor of Applied Science in Geological Engineering from Queens University, Kingston. He is a registered Professional Engineer with the Associated of Professional Engineers and Geoscientists of BC.
Guy-Philippe Bertin - Director
Mr. Bertin graduated from Sciences-Po Paris (IEP) in 1988, where he earned two masters of finance. He has been a member of the Societe Francaise des Analystes Financiers since 1991 and was a research analyst for 14 years from 1989 to 2004, including six years at Jefferies, where he followed the commodities sector until early 2004. Mr. Bertin launched and managed two Autorite des Marches Financiers commodities funds at Societe Privee de Gestion de Patrimoine from 2004 to 2008. In 2006, one of the funds achieved the Best Performance ranking within its category by Boursorama/Morningstar. Mr. Bertin’s second fund was ranked second out of 2,242 funds in France at the end of 2007. Mr. Bertin has managed more than 400 million euros in commodity-related equity investments and has underwritten over 300 commodity-related deals for these funds. Mr. Bertin is based in London, England
Paul Mainwaring - Director
Mr. Mainwaring is a vice-president at Endeavour Financial and has over 15 years of experience in corporate finance. During the last 11 years, while at Endeavour, Mr. Mainwaring has focused on financings in the natural resources sector, including project, corporate and debt capital markets, commodity-linked and equity-linked financings, and mergers and acquisitions. Mr. Mainwaring has extensive experience in cash flow modelling, financial analysis, valuation, debt advisory, deal structuring, and the negotiation, documentation and execution of transactions. Prior to joining Endeavour, Mr. Mainwaring worked for PricewaterhouseCoopers in its valuation and strategy department. Mr. Mainwaring is a CFA charterholder and has an MEng (honours) in chemical engineering from the University of Birmingham, England. Mr. Mainwaring is based in London, England.
George Pyper – Director
Mr. Pyper is a Director at Endeavour Financial and has over fifteen years’ experience in corporate finance. Prior to joining Endeavour in 2008, he was at N M Rothschild & Sons Limited based in London, Denver and Sydney. His experience at Endeavour and Rothschild has been primarily mining sector transactions including JV/partnering assignments, offtake negotiation, and a range of syndicated and bilateral debt facilities and commodity-linked financial products.
Duncan Gordon – Director
Mr. Gordon is a Canadian businessman and financier. Mr. Gordon serves as the President of Ivy Capital Corp., a firm dedicated to providing financing services and strategic plans for companies seeking guidance through the capital raising process. He has a wide range of financial transaction experience in originating and structuring deals which range from traditional equity to debt and alternative financing options. Mr. Gordon was formerly a Vice President and Senior Investment Advisor at Canaccord Genuity Wealth Management for over 17 years. His dedication to his clients, passion and knowledge resulted in him being honored with membership into the Chairman’s Club, placing him as owning one of the top 20 investment advisory practices in Canada. Mr. Gordon’s long-term focus and support of the junior mining arena has led to a niche specialization as a leading financier who has raised over $500M throughout his career.
Jeremy Bond – Director
Mr. Bond is the Chief Investment Officer and founder of Terra Capital Natural Resource Fund (“Terra Capital”) the holder of 10 million shares (16.66%) of the Company. Terra Capital is a specialist investment manager with a proven track record of performance, a focus on risk management and with a management team that is strongly aligned with investors. Mr. Bond previously worked as an analyst at RAB Special Situations Fund at RAB Capital Plc. The RAB Special Situations Fund had an investment bias towards natural resources and was previously rated the Best Energy and Natural Resources Fund by Hedge Fund Review in 2007 and ranked No 1 in Barron’s Hedge Fund 50 Global rankings in 2007. Prior to joining RAB in 2007, Mr. Bond was an Associate at Azure Capital, a boutique investment bank based out of Perth, WA. Here he worked on numerous merger and acquisitions, as well as being involved in a number of capital raisings in the small cap sector.
Elena Tanzola - Director, President and CEO
Elena is a founding partner in Cipher Research with over 7 years of experience in the metals and mining industry, with a primary focus on equity research and financial modelling for mining projects.
Over the last 3 years Elena has been with Cipher developing and testing valuation models and methodologies. Prior to that she spent over 2 years as an M&A analyst for a gold producer. Elena holds a B.A. International Relations with a focus on Economics from the University of British Columbia.
Dan O’Brien – CFO
Dan O’Brien is the Chief Financial officer of Cipher Resources Inc. Dan is a member of the Chartered Professional Accountants of British Columbia. He is also Chief Financial Officer for a number of publicly listed exploration companies trading on the TSX and TSX Venture exchanges. Mr. O’Brien was previously a senior manager at a leading Canadian accounting firm where he specialized in the audit of public companies in the mining and resource sector.
Doris Meyer - Corporate Secretary
Doris Meyer is the Corporate Secretary of Cipher Resources Inc. Ms. Meyer gained her early experience in the mining industry as Vice President Finance of Queenstake Resources Ltd. from 1985 to 2003. Ms. Meyer launched her private company Golden Oak Corporate Services Ltd. in October 1996 with Queenstake as her first client. Since that time, Golden Oak has provided publicly traded mineral exploration companies with administrative, financial reporting and corporate compliance services.