Could a sovereign state of Patagonia exist on the southernmost tip of South America independent of both Argentina and Chile?
I'd always figured that if Max can stay on the Mexican throne and if France can put aside its differences with Austria that Napoleon III might get bigger delusions of grandeur and back Orélie-Antoine I in Auracania and Patagonia.
There's quite a few ifs in that statement, but I thought it would be a nifty French client state if it survived.