Dogs of War by Frederick Forsyth Read Free Book Online

had intended to start to sell when they reached £50 a share, but so vast was the rise that he held on. Finally he estimated that the peak would be £115 and ordered Dr. Steinhofer to start selling at £100 a share. This the discreet Swiss banker did and cleared the lot at an average of £ 103 for each share. In fact the peak was reached at £120 a share, before common sense began to prevail and the shares slid back to £ 10. Man-son did not mind the extra £20, for he knew the time to sell was just before the peak, when buyers are still plentiful. With all fees paid, he netted a cool £500,-000, which was still stashed in the Zwingli Bank.
It happens to be illegal for a British citizen and resident to have a foreign bank account without informing the Treasury, and also to make half a million sterling profit in sixty days without paying capital gains tax on it. But Dr. Steinhofer was a Swiss resident, and
Dr. Steinhofer would keep his mouth shut. That was what Swiss banks were for.
On that mid-February afternoon Sir James Manson, strolled back to his desk, sat back in the lush leather chair behind it, and glanced again at the report that lay on the blotter. It had arrived in a large envelope, sealed with wax and marked for his eyes only. It was signed at the bottom by Dr. Gordon Chalmers, the head of ManCon's Department of Study, Research, Gee-Mapping, and Sample Analysis, situated outside London. It was the analyst's report on tests conducted on the samples a man called Mulrooney had apparently brought back from a place called Zangaro three weeks earlier.
Dr. Chalmers did not waste words. The summary of the report was brief and to the point. Mulrooney had found a mountain, or a hill, some 1800 feet high above ground level and close to 1000 yards across the base. It was set slightly apart from a range of such mountains in the hinterland of Zangaro. The hill contained a widely disseminated deposit of mineral in apparently evenly consistent presence throughout the rock, which was of igneous type and millions of years older than the sandstone and ragstone of the mountains that surrounded it.
Mulrooney had found numerous, and ubiquitous stringers of quartz and had predicated the presence of tin. He had returned with samples of the quartz, the country rock surrounding it, and shingle from the beds of the streams surrounding the hill. The quartz stringers did indeed contain small quantities of tin. But it was the country rock that was interesting. Repeated and varied tests showed that this country rock, and the gravel samples, contained minor quantities of low-grade nickel. They also contained remarkable quantities of platinum. It was present in all the samples and was fairly evenly distributed. The richest rock in platinum known in this world was in the Rustenberg mines in South Africa, where concentrations or "grades" ran as high as Point Two Five of a Troy ounce per rock ton. The average
concentration in the Mulrooney samples was Point Eight One. I have the honour to remain, Sir, Yours, etc . . . .
Sir James Manson knew as well as anyone in mining that platinum was the third most precious metal in the world, and stood at a market price of $130 a Troy ounce as he sat in his chair. He was also aware that, with the growing world hunger for the stuff, it had to rise to at least $150 an ounce over the next three years, probably to $200 within five years. It would be unlikely to rise to the 1968 peak price of $300 again, because that was ridiculous.
He did some calculations on a scratch pad. Two hundred and fifty million cubic yards of rock at two tons per cubic yard was five hundred million tons. At even half an ounce per rock ton, that was two hundred and fifty million ounces. If the revelation of a new world source dragged the price down to ninety dollars an ounce, and even if the inaccessibility of the place meant a cost of fifty dollars an ounce to get it out and refined, that still meant.. .
Sir James Manson leaned back in his