Ezponda Capital
Premium investment research. Commodities & macro cycles.
Value Investing for the Commodity Cycle
Ezponda Capital is a specialized value investing platform dedicated to commodity equities, built and curated by analyst Íñigo Ezponda. It hosts rigorous investment theses and deep fundamental analysis covering gold, copper, silver, and real assets across the full commodity universe. Every thesis is anchored in explicit margin-of-safety valuation scenarios, structured for sophisticated investors who demand institutional-grade reasoning over consensus noise.
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Assets tracked
Daily
Price feed
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Theses live
Access Model
- visibility
Guest
Public browsing with access to platform overview and thesis previews.
- lock_open
Free
Full access to free-tier research theses after sign-up.
- workspace_premium
Subscriber
Unlimited premium theses and live commodity price feed.
bar_chart_4_barsResearch Theses
Copper · Apr 2026
FCXNYSE
Freeport-McMoRan: The Central Bank of Copper
Grasberg controls ~10 % of global mined copper supply with ore grades 3× the industry average. Three concurrent megatrends drive structural demand while supply remains constrained by declining ore grades: EV electrification, grid modernisation, and AI data-centre buildout.
Gold · Apr 2026
MKOTSX-V
Mako Mining: Four Mines, One Window, Triple the Upside
Market prices Mako on current 2026 production (~60 koz), ignoring funded growth assets that will nearly triple output to 191 koz by 2028. At that level, annual gross margins approach $510 M against a $475 M enterprise value, a 3× re-rating analogous to Aris Mining.
developer_modePlatform Architecture
monitoringCoverage Universe
XAU
Gold
XAG
Silver
XCU
Copper
BTC
Bitcoin
XPT
Platinum
XPD
Palladium
Prices refreshed daily at 08:00 UTC via Vercel Cron. GoldAPI.io serves metals data; api-ninjas.com covers Bitcoin and Copper.
screenshot_monitorPlatform Screenshots
Landing Page
High-conviction commodity research on gold, copper, and macro cycles, for investors who think in decades.
Research Theses
Thesis cards showing ticker, exchange, category tag, and publication date, browsable by asset class.
Authentication
Google OAuth or email/password login, granting access to the investment research terminal.
Coverage Universe
Gold, Copper, Macro Cycles, and Real Assets as strategic anchors, paired with the analyst profile and credential badges.
User Profile
Role-based access control with Guest, Free, and Subscriber tiers enforced via Supabase RLS on every research asset.
Investment Methodology
Three-step framework: top-down macro analysis → asymmetric conviction filtering → institutional-grade presentation.