1. Limited production capacity: Baru Gold Corp has a relatively small production capacity compared to its peers, which limits its ability to generate revenue and compete effectively in the market.

2. Limited geographical presence: The company's operations are primarily focused in Indonesia, which limits its ability to diversify its revenue streams and exposes it to country-specific risks.

3. Lack of established brand: Baru Gold Corp is a relatively new company and lacks the established brand recognition of its more established peers, which can make it more difficult to attract investors and customers.

4. Limited financial resources: The company has limited financial resources compared to its peers, which can limit its ability to invest in new projects and expand its operations.

5. Dependence on a single project: Baru Gold Corp's operations are primarily focused on the Sangihe Gold Project, which exposes the company to significant project-specific risks and limits its ability to diversify its revenue streams.

6. Regulatory risks: The mining industry is subject to significant regulatory risks, and Baru Gold Corp may face challenges in obtaining necessary permits and approvals for its operations.

7. Environmental risks: The company's operations may have a negative impact on the environment, which can lead to reputational damage and regulatory fines.

8. Volatility in commodity prices: The price of gold is subject to significant volatility, which can impact the company's revenue and profitability.