1. Limited exploration and production experience: Japan Gold Corp is a relatively new company with limited experience in exploration and production compared to its peers.

2. Limited resource base: The company has a limited resource base compared to its peers, which may limit its ability to compete in the market.

3. Dependence on a single country: Japan Gold Corp is focused solely on exploration and development in Japan, which may limit its growth potential compared to peers with a more diversified portfolio.

4. Limited financial resources: The company has limited financial resources compared to its peers, which may limit its ability to fund exploration and development activities.

5. Limited market presence: Japan Gold Corp has a limited market presence compared to its peers, which may limit its ability to attract investors and partners.

6. Regulatory challenges: The mining industry in Japan is highly regulated, which may pose challenges for Japan Gold Corp compared to peers operating in more favorable regulatory environments.

7. Limited access to infrastructure: Japan Gold Corp may face challenges in accessing infrastructure such as roads, power, and water, which may limit its ability to develop its projects compared to peers with better access to infrastructure.