Becoming Rich with Daily Scavenging APP-Chapter 501: Salvaging the Sunken Ship?

After spending a night entwined with Danica.

The next day, Chen Yiyang first attended a welcome banquet organized by Serbia in his honor.

Then in the evening, he met with some local Serbian officials, chatted and laughed with them, and secured their promise to protect his enterprise in Serbia.

By nightfall.

Chen Yiyang received information on the prominent team he had someone investigate.

The Jack International Treasure Hunting Team.

This is a professional treasure hunting team whose main job is to search for those sunken ships lost to history, salvage the cargo and relics, and make money by selling them.

This kind of work is somewhat like legal tomb raiding.

Because many countries lack the capability and finances to organize underwater salvage operations, they can only permit others to salvage and then share the benefits.

Moreover, many of the sunken ships are located in international waters, essentially rendering them ownerless, and can be sold freely once salvaged.

However, this kind of venture is usually inactive for three years, and when it starts, it can sustain you for three years.

Jack’s team is currently targeting a location in international waters rumored to have ships from the Ancient Roman era; they want to salvage and sell the materials from the shipwreck.

Jack’s team has done this more than a few times.

But this time there’s a little twist.

Because these salvage operations are highly risky, team members usually look for external investors to fund their efforts.

Investors take on all the risks; then, after the success, the investors take eighty percent of the profits, and they take about twenty percent.

This revenue split is very reasonable.

Because the costs associated with salvaging underwater items can sometimes run into tens of millions.

If team members had to pay out of their own pockets, if they failed once, they could only pay off the debt in their next life.

Thus, finding investors to put up money and assume the risk is the most cost-effective solution.

Moreover, although Jack’s team is considered a first-rate team internationally, their current performance, after selling salvaged goods, shows a profit margin of less than thirty percent.

Most of which is just about breaking even.

After all, the goods from ancient shipwrecks are sometimes mostly bulk commodities, like grain or ordinary ironware.

Such goods are not valuable when salvaged.

For example, during Ancient Huaxia’s Song Dynasty period, trade with the Middle East was frequent, but a lot of what the Song Dynasty sold were items like iron pots and tea leaves.

If they did not salvage porcelain, they would lose everything on this venture.

Only in rare cases can they salvage relics worth a fortune, enough to earn wealth that could be spent over a decade.

But in recent years, Jack’s team has been quite unlucky.

They’ve had several consecutive salvage ventures result in losses for investors.

This caused the bosses they previously knew to give up supporting them.

This time, they finally convinced a boss to invest.

The initial stage had already seen spending of several million US Dollars.

However, during the preliminary exploration, Jack and his team encountered bad news.

According to the information retrieved from the underwater submersible.

This time, they discovered a ship from the Ancient Roman period, and it was a cargo ship transporting a large amount of material.

Such cargo ships usually have very few valuable relics.

If a major investor is willing, spending a few million more to take a gamble isn’t out of the question.

But the ship’s location is very deep, and sending regular divers down to bring up a few cargo boxes is exceedingly difficult.

They can only hire professional equipment and attire, spending tens of millions of US Dollars to use machinery to hoist the seabed cargo up, then only will they know what cargo the ship holds.

Upon seeing this situation, the investor fled immediately, not even asking for the money previously invested back.

Because if they spent tens of millions to hire countless personnel and equipment and ended up salvaging a pile of grain or ordinary ironware, bronze items, etc.

That would result in a complete financial loss.

With the investor gone, Jack’s team still wanted to continue and made desperate strides to seek more investors.

After reviewing the information.

Chen Yiyang called in Schaefer, who hadn’t yet returned to Germany, to discuss the situation.

"Why on earth are you interested in this again?" Schaefer was puzzled, "If salvaging sunken ships truly were profitable, it wouldn’t be such a niche internationally.

Actually, I could find a casino for you to enter, and after a few days, you might lose less money than with ship salvaging."

"I just stumbled across this and thought I’d give it a go; what if there are Huaxia relics inside?"

Chen Yiyang didn’t disclose the truth to Schaefer.

"Since you’re cash flush, then it’s all good. Just a chance for me to see the world." Schaefer continued,

"However, these people aren’t easy to deal with. If you truly want to participate, you must first hire a good legal team, draft contracts properly with the other party to avoid future disputes.

Then, hire a bunch of formidable security guards, having them protect you and oversee these working teams with weapons at hand.

Finally, if you can contact the military from other countries and have their warships hover in the vicinity for external deterrence, that would be even better.

This way, nobody will entertain any crooked ideas about you."

"Alright, I’ll do just that." As expected, Schaefer, with his wealth of experience, quickly grasped the key points.

The noteworthiness wasn’t about what would be salvaged but about ensuring one’s interests were upheld after a successful salvage.

With Schaefer’s assistance, Chen Yiyang immediately informed Jack’s team to come to Serbia for negotiation.

Jack’s team was in such a dire need of funds that they were on the brink of dissolving on the spot.

So upon receiving Chen Yiyang’s email, they immediately set off for Serbia to meet him.

"I am Chen, from Huaxia. This is my friend, Schaefer, from Germany."

"Hello, I’m Jack, from Mexico." After Jack introduced himself, he introduced his team members.

Members from every country.

This group only gathers when there’s business; otherwise, they live in their own countries.

After a few polite exchanges, they quickly delved into the formal discussion.

"How much do you currently estimate is needed to salvage the goods from the sunken ship?" Chen Yiyang inquired.

"About five million US Dollars should completely suffice." Jack replied with confidence.

"Do you take us for fools?" Schaefer banged the table.

"The depth of that sea area makes the salvage incredibly challenging. Besides the salvage ship, we also need to hire a cargo ship to load the salvaged goods.

Employee wages, ship and equipment rental costs, security expenses, when added together, can’t possibly be less than ten million US Dollars."

"Sorry, we only calculated our team’s expenses." Jack’s team’s previous quote was evidently a ploy to trick Chen Yiyang into the venture.