1. Limited geographical presence: African Energy Metals Inc operates primarily in Namibia, which limits its exposure to other potentially lucrative markets in Africa.

2. Small market capitalization: The company has a relatively small market capitalization compared to its peers, which may limit its ability to attract investors and raise capital.

3. Limited resource base: African Energy Metals Inc has a limited resource base compared to some of its larger peers, which may limit its ability to compete in the market.

4. Lack of diversification: The company's focus on exploration and development of cobalt and copper deposits may limit its ability to diversify its operations and revenue streams.

5. Dependence on commodity prices: African Energy Metals Inc's financial performance is heavily dependent on the prices of cobalt and copper, which can be volatile and subject to fluctuations.

6. Limited track record: The company is relatively new and has a limited track record compared to some of its more established peers, which may make it less attractive to investors.

7. Limited production capacity: African Energy Metals Inc has limited production capacity compared to some of its larger peers, which may limit its ability to generate significant revenue in the short term.