1. Limited exploration portfolio - Sphinx Resources Ltd has a limited exploration portfolio compared to its peers, which may limit its ability to discover new mineral deposits and expand its operations.
2. Small market capitalization - The company has a relatively small market capitalization compared to its peers, which may limit its access to capital and make it more difficult to compete in the industry.
3. Lack of production - Sphinx Resources Ltd does not currently have any producing mines, which may limit its ability to generate revenue and compete with its peers.
4. Dependence on exploration success - The company's success is heavily dependent on its ability to discover new mineral deposits, which can be unpredictable and risky.
5. Limited financial resources - Sphinx Resources Ltd may have limited financial resources compared to its peers, which may limit its ability to invest in exploration and development projects.
6. Limited geographic diversification - The company's exploration activities are focused primarily in Quebec, which may limit its ability to diversify its operations and reduce its exposure to regional risks.
7. Lack of established partnerships - Sphinx Resources Ltd does not have any established partnerships with larger mining companies, which may limit its ability to access resources and expertise that could help it grow and compete in the industry.
