His smile grew jubilant.
'Come up to the saloon, all of you. Let's have a drink on it. Get Geordie down here.'
In the saloon he opened the liquor cabinet and produced bottles of whisky and gin, and set about pouring drinks with great energy. Clare and I managed to linger in the passage just long enough for a quick hug and kiss before joining him with Paula, and Geordie arrived a moment later, beaming.
To you, Mike. You've done a great job,' Campbell said expansively.
I included them all in the toast, and we drank it with great cheer. 'It isn't finished yet, though,' I warned them. 'We've got to find the extent of the deposit. There's a lot of proving to be done.'
'I know, I know,' Campbell said. 'But that's detail work. Do you realize we've done it, Geordie?'
'I'm very pleased for you,' Geordie said formally.
The hell with that. I'm pleased for all of us. How about splicing the mainbrace, Geordie – with my compliments?' He waved to the well-stocked cabinet.
'Well, I don't know,' said Geordie judiciously. 'I've still got a ship to run. The lads off watch can have a dram, but those on duty will have to wait a while yet. There's enough buzz going on up there as it is.' He smiled and added, 'I'm off watch myself.'
Campbell laughed. 'Okay, join us.'
Geordie cocked his head at me. 'We're still hove-to. you know. Where do we go from here?'
I said, 'Ninety degrees from your last course – to the south. Tell the watch to keep an eye on the echometer and to keep to the deepest water they can. We'll go for about twenty-five miles. If the water shallows appreciably or we diverge too much off course I'd like to know at once. And I think Clare had better give you the latest bulletin, don't you?'
Clare produced a sheet of paper with the magic figures, and Geordie took it up with him. Campbell turned to me. 'You trotted all that out glibly enough. I suppose you've got an idea.'
'I've got an idea of sorts. We came from a ridge and dredged in the deepest part of a valley. Now I want to run along the valley to see how far it stretches each way. The echometer record will give us a lot of useful information, and we'll dredge at intervals along the course.'
From the deck we heard the sound of cheering. Campbell stopped in the act of pouring himself another drink. 'Everybody's happy.'
'Everyone except Ramirez,' I commented.
'I wish he'd sink,' said Paula, unexpectedly viciously.
Campbell frowned, then pushed the unwelcome thought from his mind; this was no time for thinking of a chancy future. Geordie came back into the saloon and Campbell pointed to the cabinet. 'Pour your own. I'm no man's servant,' he said. Geordie grinned and picked up the bottle.
I rolled a nodule onto the table. 'Geordie's a bit doubtful as to the value of this. I promised I'd get you to talk figures.'
Campbell poked at it with one finger. 'It sure doesn't look like much, does it, Geordie?'
'Just like any other bit of rock we've been dredging up the last couple of weeks,' Geordie said offhandedly.
'It contains nearly ten per cent cobalt. We don't know much about anything else that's in it because Mike's only checked for cobalt, but we know there should be a fair amount of copper and vanadium and a lot of iron – and manganese too of course. Now, I'm telling you and I speak from experience, that the gross recoverable value will run to about four hundred dollars a ton.'
Geordie was still not convinced. 'That doesn't seem too valuable to me. I thought it was really valuable – like gold or platinum.'
Campbell grinned delightedly and took a little slide rule from his pocket. 'You'd say the density would be pretty consistent over a wide area, wouldn't you, Mike?'
'Oh yes. In the centre of the concentration you can fairly well rely on that.'
'And what would you call a wide area?'
I shrugged. 'Oh, several square miles.'
Campbell looked at Geordie under his brows, then bent over the slide rule. 'Now, let's see. At ten pounds a square foot – that makes it – run to about, say, fifty-six million dollars a square mile.'
Geordie, who was in the act of swallowing whisky, suddenly coughed and spluttered.
We all shouted with surprised laughter. I said, 'There are a lot of square feet in a square mile, Geordie!'
He recovered his breath. 'Man, that's money! How many square miles of this stuff will there be?'
'That's what we find out next,' I said. I saw the two girls looking at Campbell with astonishment and something occurred to me. I said to Paula, 'You're in on this too, you know.'
She gaped at me. 'But I've – I'm not'
Campbell said. 'Why, yes, Paula. You're one of the crew. Everybody on this ship gets in on the deal.'
Her astonishment must have been too great for her to contain, for she burst suddenly into tears and ran blindly from the saloon. Clare cast us a quick happy smile and went after her.
I could see that Geordie was trying to work out the fifteenth part of five percent of 56 million dollars – and failing in the attempt. I said, 'That four hundred dollars a ton is a gross value. We have to deduct the costs of dredging and processing, distribution and all sorts of extras. Got any ideas on that?'
'I have,' Campbell said. 'When Mark first came to me with this idea I went into it pretty deeply. The main problem is the dredging – a drag line dredge like the one we're using, but bigger, isn't much use at this depth. You waste too much time pulling it up. So I put some of my bright boys on to the problem and they decided it would be best to use a hydraulic dredge. They did a preliminary study and reckoned they could suck nodules to the surface from 14,000 feet for ten dollars a ton or less. Then you have to add all sorts of factors -processing; marketing, transport and other technical overheads – the cost of hiring ships and crews and maintaining them. We'd want to develop and build our own dredges, we'd need survey ships, and we'd have to build a processing plant.
That would happen on one of the islands and we'd get a lot of help there, as it'll mean a huge income in many ways for them, but all in all I would have to float a company capable of digging into its pocket to the tune of some forty million dollars.'
He said this in a serious and businesslike tone. Clare was apparently used to these flights of executive rhetoric but Geordie and I gaped at him. It was Geordie's first excursion into high finance, as it was mine, but I was slightly better prepared for it. 'Good God! Have you got that much – I mean can you lay your hands on it?'
'Not before this. But I can get it with what we have to show here. We'd clear a net profit of forty million in the first couple of years of operation – the rest should be pure cream. There's going to be a lot of guys on Wall Street eager to jump into a thing like this – or even take it over.'
He mused a bit, then added, 'But they're not going to. When Suarez-Navarro jumped my mines I swore I'd never hang on to another solid proposition ever again – not if they were as easy to steal as that. So I went back to being a wild-catter; in and out to take a fast profit. But this – somehow this is different. I'm sticking here. I know a couple of good joes back home, men I can trust. Between them and me, and perhaps persuading a couple of governments to take an interest, I want to tie this thing up so tight that neither Suarez-Navarro nor anyone else of their type can horn in and spoil it.'
He got up and went to a port to look out over the sea. Tonga's back there. They'll probably come in on the act. They'll benefit by being the ones most likely to get the processing plant built in their territory – it will be highly automated so it won't mean much steady labour, once it's built, but they'll get the taxes and the spin-off, so I should think they will be happy to cooperate. There's another thing on my mind too; nodules are still forming out there, and from what Mike says they'll go on doing so – at what he always calls an explosively fast rate. Maybe for once we'll be able to do a mining operation without raping the goddam planet.' He came back to the table and picked up his glass. 'And that's an achievement that any bunch of guys can be proud of. Let's dr
ink to it.'
So we drank, very solemnly. I for one was full of awe at what we were doing, and I thought the others felt the same. Campbell had come up with a couple of shattering thoughts.
We stayed in the area for another week, quartering the submarine valley and dredging at selected spots. The material poured in and I was kept busy. A much more detailed survey would be done later – all I was aiming at was to put limits on the area and to find out roughly how rich, and how consistent it was.
Esmerelda was a happy ship in those days. Not that she hadn't been before, but the depression caused by a fruitless search had lifted and everyone was keen and cheerful. There was a lot of skylarking among the crew, although it always stopped when there was serious work to be done.
Once, when I was having a breather on deck, Paula joined me.
'I don't know what came over me the other day, Mike – you know, when Mr Campbell said I had a share in all this.'
'It is a bit of a shock when you find yourself suddenly on the verge of riches. I went through it too.'
'I never thought of being rich,' she said. 'I never had the time, I guess. I've always been on the move – the States, Mexico, Australia, Tahiti, Hawaii, Panama. Guess I was a bit of a hobo.' She looked up. 'That's what you British call a tramp, isn't it?'
'That's right.'
'I guess I was that too – in the American sense, I mean,' she said sombrely.
'You're all right, Paula,' I said warmly. 'Don't worry about it. Enjoy the idea instead. What will you do with all your new-gotten wealth?'
'Gee, I don't know, Mike. I'm not like Clare – she's used to money, but I'm not. And the way her pop talks sometimes makes my head spin, the way he juggles his millions.'
'Maybe you can go on a cruise ship to sunny Tahiti,' I said jokingly.
But she shook her head violently. 'No. I'll never go there again – I never want to see Papeete again.' She was silent for a while and we stood together companionably, and then she said, 'I think I'll go home first. Yes, I think I'll go home.'
'Where's home?'
'In Oregon. Just a small town – there aren't many big ones in Oregon. It's called Medford. I haven't been there for years – and I should never have left it.'
'Why did you leave, Paula?'
She laughed. 'Oh, it's a bromide – a cliche, you'd say. My whole life's been a cliche. I got movie-crazy when I was a kid, and when I was sixteen I won a local beauty competition. That gave me a swelled head and a big mouth – you should have heard me talk about what I was going to do in Hollywood. I was going to knock 'em cold. So I went to Hollywood and it knocked me cold! There are too many girls like me in Hollywood. I told you the story was a cliche.'
'What happened after Hollywood?'
'The cliche continued. I drifted around, singing in cheap night spots – you know the rest, or you can guess it.' I was saddened by the bitter resignation in her voice. 'That place where you found me in Panama – that was the best paid job I ever had in my whole life.'
'And you left it – just like that? Just because I asked you to?'
'Why not? It – it was Mark, you see. Oh, I know how you feel about Mark, I've heard you talk. All right, supposing he was a lousy no-good? I guess I always knew that, but – I loved him, Mike. And I suppose I was stupidly hoping to find out if he'd ever loved me. I always wanted to do whatever I could for him.'
I remained quiet. There was nothing I could say to that.
'Yes,' she went on quietly. 'I do think I'll go home. I always boasted that I wouldn't go back until I was a success. I guess they'd call me a success now, Mike?' There were tears in her eyes.
'You've always been a success,' I said gently, and held her shoulders.
She sniffed a bit and then said, shaking her head briskly, 'This isn't getting the glassware washed. I'd better go back to work. But thanks.'
I watched her walk along the deck and for the thousandth time I damned Mark's soul to hell. At a touch on my elbow I turned to find Geordie. 'I didn't want to bust up the tete-a-tete,' he said, 'so I waited a bit.' He nodded along the deck. 'Falling for her, Mike?'
'Nothing like that,' I said amusedly, thinking how very off target Geordie's guesses were. 'But there are times when I wish Mark had never been born.'
'Gave her a bad time, did he?'
'Curiously enough, he made her very happy. But he broke her heart by getting himself killed. Not that that matters -he'd have found some way of doing it, sooner or later. What's on your mind, Geordie?'
'I want to talk to you about our next move,' he said. 'We can't stay out here much longer, Mike. The winch and its components really desperately need attention. We're a little low on water – we hadn't had time to top up completely in Nuku'alofa – and that goes for fuel too. And we've been using an awful lot of that for station-keeping. We'll have to put into port somewhere pretty soon.'
'Yes, my lab stocks are running low too. Look, Geordie, we're really finished here – I've got loads of data to work on already. Let's put it to the boss again.'
Campbell said, 'How soon can you finish here, then?'
'I am finished, virtually. This last dredge today could be it-otherwise I could go on tinkering forever.'
That's it then. But we don't go back to Nuku'alofa, in case Ramirez is still there, or hunting for us in that area. We'll go to Fiji-to Suva.'
I hesitated. That's fine, but I'd like to have a look at Falcon.'
'What for?'
I said, 'Well, it's responsible for all this.'
'A scientist to the last, eh? You're not content with finding anything – you want to know when and how and why.'
I was desperately keen to visit the island – or the site of it. I added, to give force to my argument, 'It could well give us a lead to other high-cobalt areas hereabouts. Maybe concentrations of other metals – once we find out something about the mechanism of this thing.'
He laughed. 'Okay, Mike, I guess you've earned it. If Geordie gives the go-ahead we'll go to Suva by way of Falcon.'
Geordie wasn't too certain. He pulled out his charts, measured distances, and grumbled. 'How long are you staying there?'
'Only a day or so, if that.'
'Will you be dredging?'
'There'll be no need to dredge. It's very shallow over the site. A good swimmer like Bill Hunter could go down and collect the samples I want by hand – it won't be more than a few fathoms. And he's dying to show off his talent. We could be away again in just a few hours.'
'It's cutting it a bit fine,' he complained. 'We'll be damned low on water by the time we get to Suva – and it's a good job you don't want to dredge because I really think this one was our last. We have to keep enough fuel oil for manoeuvring and for emergencies – I can't spare any more for the winch motor.'
'Away with you, Geordie. You know you hate sailing under power.'
But I got him to agree in the end. We finished with the dredge and stowed the cable for the last time. The dredge bucket was secured on deck and Geordie set a course northward for Fonua Fo'ou.
That evening in the saloon I said, 'I'd like to summarize what I've found. Can you stand another short lecture?'
We were moving briskly along with a helpful wind, the treasure had been found and any danger seemed infinitely remote and unlikely. My seminar settled down to hear me out in a state of contentment.
Campbell said, 'I'm getting used to being lectured to by scientists; it's sometimes boring and usually profitable.'
I laughed. 'This time it's very profitable.' I produced my charts and notebook. The high-cobalt nodules seem to be concentrated in a valley or depression, twenty miles wide and a hundred miles long. The nodules lie in varying degrees of richness and density.'
Clare, whom I had discovered to my pleasure to be a quick natural mathematician, said in astonishment, 'But that's two thousand square miles.'
'Quite an area,' I agreed. The richness varies roughly with the depth of the water, from about two per cent at the top of the ridges
to a peak of ten per cent in the valley bottom – an inverse curve, if you like. On the other hand, the density varies in a different way. At the extreme north of the valley the density is only half a pound per square foot. At the other end it peaks out at fifty pounds per square foot.'
Campbell said, 'Still at ten per cent cobalt?'
'On the valley bottom, yes.'
'Hot diggety!' he exclaimed. 'A quarter of a billion bucks a square mile!' He and Clare were smiling in delight. Geordie looked dazed – the figures were so fantastic that he couldn't absorb them. Paula looked petrified.
I consulted my notebook again. 'I've worked out some rough figures. I reckon the overall average density over the entire area of two thousand square miles is about eight pounds to the square foot. The overall richness is about six per cent. Considering some of the higher figures, though, you're in for a very fine haul wherever you begin, so systematic mining will pay off.'
Campbell said, Those average figures of yours don't mean a damn thing, Mike. What do I care if the average density is eight pounds when I know of a place where it's actually fifty? That's where we start – we take the rich stuff out first.' He shook his head in wonder. 'This is fantastic – this is the damndest thing. We can prove every pound of our resources before we even start. We'll need a detailed survey, though -with you to head it up.'
'I'd be proud to,' I said. I thought of the advanced equipment and systems I could use and rejoiced inwardly.
'I'll give you the finest survey vessel ever built – with no disrespect to Esmerelda, Geordie. But then – you may not want to do this. You'll be a rich man.' He got up to pour us all drinks as he spoke.
'I won't be until that survey has been made and the operation started,' I pointed out. 'But you couldn't stop me even then.'
Campbell said, 'I've been thinking this thing out. I'm starting a corporation and I'm reserving five per cent of the stock for the crew. Three per cent goes to you, Mike, and two to Geordie. I'll sell twenty per cent to those two guys I know that I mentioned, for twenty million dollars and let the Government – any or all of 'em – have fifty per cent for another twenty million. That starts to take care of the working capital.'
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