1. Limited exploration experience - Newfoundland Discovery Corp is a relatively new company with limited exploration experience compared to its peers. This could limit its ability to identify and develop new mineral deposits.
2. Small market capitalization - The company has a small market capitalization compared to its peers, which could limit its ability to raise capital for exploration and development activities.
3. Limited financial resources - Newfoundland Discovery Corp has limited financial resources compared to its peers, which could limit its ability to invest in exploration and development activities.
4. Limited portfolio of properties - The company has a limited portfolio of properties compared to its peers, which could limit its ability to identify and develop new mineral deposits.
5. Dependence on a single project - The company's success is largely dependent on the success of its flagship project, the Great Burnt Copper-Gold Property. This could increase the company's risk profile and limit its ability to diversify its operations.
6. Limited access to infrastructure - The company's properties are located in remote areas with limited access to infrastructure, which could increase the cost of exploration and development activities.
7. Exposure to geopolitical risks - The company's properties are located in Newfoundland and Labrador, which is subject to geopolitical risks such as changes in government policies and regulations. This could impact the company's ability to operate and develop its properties.