1. Limited geographical presence - Tymbal Resources Ltd operates primarily in Canada, which limits its exposure to other potentially lucrative markets.
2. Small market capitalization - The company has a relatively small market capitalization compared to its peers, which may limit its ability to attract investors and raise capital.
3. Limited diversification - Tymbal Resources Ltd is primarily focused on the exploration and development of gold and silver properties, which may limit its ability to diversify its revenue streams.
4. Lack of production - The company has not yet achieved commercial production, which may limit its ability to generate revenue and cash flow.
5. High exploration costs - The exploration and development of mineral properties can be expensive, and Tymbal Resources Ltd may face higher costs compared to its peers due to its smaller size and limited resources.
6. Dependence on commodity prices - The company's financial performance is highly dependent on the prices of gold and silver, which can be volatile and unpredictable.
7. Regulatory risks - The mining industry is subject to a range of regulatory risks, including environmental regulations, permitting requirements, and political instability, which may impact Tymbal Resources Ltd's operations and profitability.