1. Limited portfolio: Alien Metals Ltd has a limited portfolio of assets compared to its peers, which may limit its growth potential.
2. Lack of revenue: The company has not generated any revenue to date, which may make it less attractive to investors.
3. High risk: The company's focus on exploration and development of mineral resources is inherently risky, and there is no guarantee of success.
4. Dependence on external funding: Alien Metals Ltd is dependent on external funding to finance its operations, which may be difficult to secure in a competitive market.
5. Limited market presence: The company has a limited market presence compared to its peers, which may make it less visible to potential investors and partners.
6. Lack of diversification: The company's focus on a single commodity (minerals) may make it vulnerable to fluctuations in commodity prices and market conditions.
7. Limited experience: The company's management team has limited experience in the mining industry, which may make it more difficult to navigate the challenges of the sector.