1. Limited geographical diversification: Allegiant Gold Ltd operates primarily in the United States, which limits its exposure to other potentially lucrative mining markets around the world.

2. Smaller market capitalization: Compared to its peers, Allegiant Gold Ltd has a smaller market capitalization, which may limit its ability to attract investors and raise capital.

3. Limited production history: Allegiant Gold Ltd is a relatively new company and has limited production history, which may make it less attractive to investors compared to more established mining companies.

4. Higher risk profile: As a smaller and newer company, Allegiant Gold Ltd may have a higher risk profile compared to its peers, which may make it less attractive to risk-averse investors.

5. Limited resources: Allegiant Gold Ltd may have limited resources compared to its peers, which may limit its ability to explore and develop new mining projects.

6. Dependence on exploration success: As a mining exploration company, Allegiant Gold Ltd is highly dependent on the success of its exploration efforts, which can be unpredictable and may result in significant losses if unsuccessful.

7. Vulnerability to commodity price fluctuations: Allegiant Gold Ltd is vulnerable to fluctuations in commodity prices, which can have a significant impact on its profitability and financial performance.