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'I thought they'd be there in great piles, humped up together.'

'Sorry, no,' I said. 'That's never been found. The best evidence from some deep-sea photographs is that there are parts of the sea-bed which are lumpy underneath the sediment layer, indicating that many more nodules might be buried there, but in that case they'd have stopped growing anyway, being cut off from their life-line – the sea water itself.'

But for the only time they were not interested in my impromptu lecture. I hastened to correct myself.

'Don't worry, the billions of tons I promised you will be there, even if it does lie only one layer thick. There are lots of things we have to find out still.'

We arrived in the vicinity of the last site with members of the crew, rather ludicrously, peering at the surface of the ocean as if it could show them anything. Geordie said, 'Right – now which way?'

I drew a pencil line on his chart. 'Follow that course, please.'

As we sailed I watched the trace of the echometer with intense concentration. The line showed a gradual deepening of the water – not a sudden drop, but a falling away as though from mountains into the plains. After we had gone about ten miles the bottom began to come up again from 13,000 feet. I made sure it wasn't just a local condition and then said, 'I want to go back about two miles.'

'Okay,' Geordie said, and gave brisk orders. We were doing most of this work under engine as it was tricky for sail, and I was grateful for the continuing calm weather which gave us the minimum of wind and ocean drift to contend with. I thought for just one envious moment of how easy it would all be on land.

Campbell looked at my tracing. 'What do you think?'

There's some sort of valley down there,' I said. 'We've come from a ridge, crossed the valley and begun to climb up towards the opposite ridge. I want to go back and dredge where it's deepest – it's about 13,000 feet.'

Campbell rubbed his cheek. 'Bit deep for commercial dredging with a drag line. You waste too much time just going down and coming up again.'

'If the stuff's rich enough it should pay.'

He grunted. That's what we're here to find out.'

By now everyone knew what was in the wind and there was a lot of tension as the dredge went down. Ian was at the winch and Geordie himself at the wheel, keeping Esmerelda on station. It seemed a particularly long time before Ian, watching the cable tension meter, slipped the winch out of gear and said, 'She's bottomed.'

Geordie's hand went to the engine controls. Campbell swung round, fussing like an old hen. 'Careful, Geordie, we don't want any mistakes now.'

Esmerelda crept forward, taking the strain on the cable. I could visualize the dredge at the bottom of the abyss, scraping forward in utter darkness, gathering the nodules and debris into its maw like a vast-jawed prehistoric creature.

Then the job was done and Ian had the winch in gear again. The drum started to turn and the crew began to stow the wet and slimy cable into the hold as it came off the drum. Again it seemed to take ages and the tension increased until our nerves fairly twanged. Taffy said hoarsely, 'For God's sake, Ian, pull your finger out!'

Geordie said calmly, 'None of that, now. Take it easy, Ian -you're doing just fine.'

Thirteen thousand feet is nearly two and a half miles. It takes a long time to haul a full dredge up from that depth, especially when you're not too sure of your cable and taking it slowly. Normally nobody took any notice until the bucket came inboard, but this time everyone's attention was riveted, and when at last the dredge broke surface there were many willing hands to swing the boarding derrick out and bring the haul in.

Geordie had handed over the wheel to Danny and he ran forward to help release the load. A cascade of nodules swept onto the deck, together with the usual lot of slimy mud. Taffy stooped and picked up a nodule. 'This doesn't look any different to me,' he said, clowning disappointment.

Ian said, 'Ye daft loon. Leave it to Mike, would you? He knows what he's doing.'

I hoped he was right.

Campbell said, 'How long, Mike?'

The usual three hours. I can't do it any faster.'

Nor did I – in fact it took longer. The lab wasn't very big and we had enough trouble with three of us working there. Now Campbell insisted on coming in and watching, and wherever he stood or sat he was in the way. In the end I bundled him out despite his protests, but I could hear him pacing up and down in the passage-way.

At the end of three and three-quarter hours I opened the door and said, 'Congratulations, Mr Campbell. You've just become the father of a 9.7 per cent cobalt nodule.'

His eyes lit up. 'We've hit it! By God, we've hit it!'

'Bang on the nose,' I agreed happily.

He leaned against the bulkhead and sighed deeply. 'I never thought we'd make it.' After a few moments his brain started to function again and he said, 'What's the density?'

Ten pounds to the square foot. That'll keep you busy for the next few years.'

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.'