1. Limited production history - NewRange Gold Corp has a limited production history compared to its peers, which may make it difficult for investors to assess the company's performance and potential.

2. Smaller market capitalization - The company has a smaller market capitalization compared to its peers, which may limit its ability to attract institutional investors and access capital markets.

3. Limited geographical diversification - NewRange Gold Corp's operations are primarily focused in Nevada, which may limit its exposure to other potentially lucrative mining regions.

4. Higher exploration risk - The company's focus on exploration and development of early-stage projects may expose it to higher exploration risk compared to its peers who have more established operations.

5. Dependence on a single project - The company's flagship project, Pamlico, is its primary focus, which may increase its dependence on the success of this project and expose it to greater risk if the project does not perform as expected.

6. Limited financial resources - NewRange Gold Corp has limited financial resources compared to its peers, which may limit its ability to fund exploration and development activities and compete with larger mining companies.