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

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

3. Limited geographical diversification - Theta Gold Mines Limited operates primarily in South Africa, which exposes it to risks associated with political instability, regulatory changes, and other factors that could affect its operations.

4. Limited resource base - The company's resource base is relatively small compared to its peers, which limits its ability to expand its operations and increase production.

5. Limited financial resources - Theta Gold Mines Limited has limited financial resources, which makes it difficult for the company to invest in new projects, expand its operations, and compete effectively with its peers.

6. Limited technological capabilities - The company's technological capabilities are relatively limited compared to its peers, which could affect its ability to improve efficiency, reduce costs, and increase production.

7. Limited market share - Theta Gold Mines Limited has a relatively small market share compared to its peers, which limits its ability to influence market trends and compete effectively in the industry.