1. Limited resource base - Chatham Rock Phosphate Limited may have a smaller resource base compared to its peers, which could limit its production capacity and ability to meet market demand.

2. Higher production costs - The company may face higher production costs due to factors such as remote location, difficult mining conditions, or lack of economies of scale. This could make it less competitive in terms of pricing.

3. Regulatory challenges - Chatham Rock Phosphate Limited may face regulatory challenges in obtaining necessary permits and approvals for its mining operations. This could result in delays or additional costs, affecting its ability to compete with peers.

4. Market volatility - The company's financial performance may be more susceptible to market volatility compared to its peers. Fluctuations in phosphate prices or demand could have a greater impact on its profitability.

5. Limited diversification - Chatham Rock Phosphate Limited may have a limited product portfolio or geographic reach compared to its peers. This lack of diversification could make it more vulnerable to market fluctuations or changes in customer preferences.

6. Reliance on external factors - The company's success may be heavily dependent on external factors such as government policies, global economic conditions, or environmental regulations. Any adverse changes in these factors could negatively impact its operations and competitiveness.