1. Limited portfolio: Garibaldi Resources Corp has a limited portfolio of exploration projects compared to its peers, which may limit its growth potential.
2. High exploration costs: The company's exploration costs are relatively high compared to its peers, which may impact its profitability.
3. Lack of production: Garibaldi Resources Corp does not have any producing mines, which may limit its ability to generate revenue and cash flow.
4. Dependence on external funding: The company is heavily dependent on external funding to finance its exploration activities, which may increase its financial risk.
5. Limited market presence: Garibaldi Resources Corp has a relatively small market presence compared to its peers, which may limit its ability to attract investors and partners.
6. Limited geographical diversification: The company's exploration projects are primarily located in Canada, which may limit its exposure to other potentially lucrative mining regions.
7. Lack of established partnerships: Garibaldi Resources Corp does not have any established partnerships with major mining companies, which may limit its access to resources and expertise.
8. Limited track record: The company has a limited track record of successful exploration and development projects, which may impact its reputation and ability to attract investors.