While taking a well-earned break on the planet Rudrig in the Tion Hegemony, Han Solo and Chewbacca are approached by Badure, an old friend, and his female companion Hasti. Badure has a lead on the fabled Queen of Ranroon, the treasure ship of Xim the Despot, which has been believed lost for centuries.
Though Han is initially reluctant to join what he considers to be a pointless treasure hunt, he and Chewbacca decide to accompany Badure on his search. Accompanying them on their quest are Skynx, an alien historian from the planet Ruuria, and Han's droid companions, Bollux and Blue Max.
Han's group is not the only one on the trail of Xim the Despot's treasure, however. After landing on the planet Dellalt, Han and his companions are attacked and forced to abandon the Millennium Falcon. Their attackers steal the Falcon and fly her to a distant mining camp, where they intend to search her for clues to the Queen's location—by tearing the Falcon apart, if necessary.
Han and the others set off on a trip overland to recover the Falcon. On their way, they are captured by a group of religious cultists, descendants of the Queen of Ranroon's crew. The cultists are determined to keep Xim's treasure safe, and are about to unleash an army of Xim the Despot's war-robots to destroy the mining camp—and the Falcon.
Through the ingenuity of Bollux and Blue Max, the war-robots are stopped. Han and the others recover the Falcon and fly to the location of Xim's fabled treasure, only to find that the treasure isn't quite what they were expecting, consisting of technology that was state-of-the-art in Xim's era but is now commonplace and inexpensive.
The book ends with Han and Chewbacca taking the badly reassembled Falcon back into space, with plans to borrow money from Jabba the Hutt for an attempted Kessel Run.
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