1. Limited exploration experience: Lucky Minerals Inc. is a relatively new company with limited exploration experience compared to its peers. This may limit its ability to identify and develop high-quality mineral deposits.

2. Small market capitalization: The company has a small market capitalization compared to its peers, which may limit its ability to attract investment and finance its exploration activities.

3. Limited geographical diversification: Lucky Minerals Inc. has a limited geographical diversification, with most of its exploration activities focused on Ecuador. This may expose the company to political and economic risks associated with operating in a single country.

4. Lack of revenue: The company has not generated any revenue from its exploration activities, which may limit its ability to fund future exploration and development activities.

5. High exploration costs: The exploration costs for mineral deposits can be high, and Lucky Minerals Inc. may struggle to finance these costs compared to its peers.

6. Limited access to infrastructure: The company's exploration activities are located in remote areas with limited access to infrastructure, which may increase its operating costs and limit its ability to transport minerals to market.

7. Dependence on commodity prices: The company's success is highly dependent on commodity prices, which can be volatile and unpredictable. This may impact the company's ability to generate profits and attract investment.