1. Limited production capacity - Norseman Silver Inc has a relatively small production capacity compared to its peers, which limits its ability to generate revenue and compete effectively in the market.

2. Limited geographical presence - The company operates only in Canada, which limits its exposure to international markets and potential growth opportunities.

3. Lack of diversification - Norseman Silver Inc is primarily focused on silver mining, which makes it vulnerable to fluctuations in the price of silver and limits its ability to diversify its revenue streams.

4. High operating costs - The company's operating costs are relatively high compared to its peers, which reduces its profitability and makes it less competitive in the market.

5. Limited financial resources - Norseman Silver Inc has limited financial resources, which limits its ability to invest in new projects, expand its operations, and compete effectively with larger companies in the industry.

6. Limited exploration activities - The company has limited exploration activities, which limits its ability to discover new mineral deposits and expand its resource base.

7. Dependence on external financing - Norseman Silver Inc is heavily dependent on external financing to fund its operations, which makes it vulnerable to changes in the availability and cost of financing.