Updated Argonaut Note, page-44

Re: Shan State security. Possibly the safest place in Shan State is where the mine is situated. There is, from a Chinese geopolitical security perseptive, the only oil/gas pipeline that circumvents the Malacca Strait going straight through Lashio towards Yunnan. Do you really think China state would put up with a Liberation Army in Shan State blowing up the pipeline, or disrupting deliveries from the Middle East?

but yes, the geopolitical risk overall is a concern. Just watch the company like a hawk