A shipment of Gold which was bound for the Third Reich which never arrived and considered lost at sea has been found and is now on the salvage ship Phantom on its way to England. Renegade ex-members formally from the Irish Republican Army have learned of the gold and will do anything to get it for themselves. Set on killing as many of the English Royal family and this will be a way to attain a nuclear weapon to be detonated in London, thus eliminating the entire Royal family. Meanwhile in the United States the FBI has just broken a black market ring which may have been responsible for the death of the President of the United States. Davin Pierce, a retired Army Master Sergeant working as a treasure hunter is on board the Phantom with his team. Unaware that they are about to lose what they have worked hard to recover.