1. Limited Resources: Fortune Bay Corp has limited financial resources compared to its peers, which may limit its ability to invest in new projects or expand its operations.
2. Small Market Capitalization: The company has a relatively small market capitalization compared to its peers, which may make it less attractive to investors.
3. Limited Diversification: Fortune Bay Corp is primarily focused on gold exploration and development, which may limit its ability to diversify its revenue streams and mitigate risk.
4. Lack of Production: The company has not yet achieved commercial production, which may make it less attractive to investors compared to its peers that have already achieved this milestone.
5. Limited Track Record: Fortune Bay Corp is a relatively new company with a limited track record, which may make it less attractive to investors compared to its more established peers.
6. Geographic Concentration: The company's operations are primarily focused in Canada, which may limit its ability to access new markets and diversify its operations.
7. Dependence on External Factors: The company's success is dependent on external factors such as commodity prices, regulatory changes, and geopolitical risks, which may impact its financial performance and growth prospects.
