1. Limited portfolio - Xanadu Mines Ltd has a limited portfolio of projects compared to its peers, which may limit its growth potential.
2. Lack of production - The company has not yet achieved commercial production, which may impact its ability to generate revenue and profitability.
3. High exploration costs - Xanadu Mines Ltd's exploration costs are relatively high compared to its peers, which may impact its profitability.
4. Dependence on a single project - The company's flagship project, Kharmagtai, is its only significant asset, which may increase its risk profile.
5. Limited financial resources - Xanadu Mines Ltd has limited financial resources compared to its peers, which may limit its ability to fund exploration and development activities.
6. Exposure to geopolitical risks - The company's projects are located in Mongolia, which may expose it to geopolitical risks such as changes in government policies and regulations.
7. Limited market presence - Xanadu Mines Ltd has a limited market presence compared to its peers, which may impact its ability to attract investors and partners.