1. Limited geographical presence - Nobel Resources Corp operates primarily in Canada, which limits its exposure to other lucrative mining markets around the world.
2. Smaller scale operations - Compared to its peers, Nobel Resources Corp is a relatively small company with limited resources and capacity to undertake large-scale mining projects.
3. Lack of diversification - The company's focus on gold and silver mining means that it is heavily reliant on the performance of these commodities, which can be volatile and subject to fluctuations in demand and pricing.
4. Limited financial resources - Nobel Resources Corp has a relatively small market capitalization and limited access to capital, which can make it difficult to fund exploration and development projects.
5. Dependence on exploration success - As a mining company, Nobel Resources Corp is heavily reliant on the success of its exploration efforts to identify new mineral deposits and maintain its production levels.
6. Environmental and social risks - Mining operations can have significant environmental and social impacts, and Nobel Resources Corp may face challenges in managing these risks and maintaining its social license to operate.