It is in Minocity, about 84 steps north-west of the spot the map marks with that name.

And 5 down from the surface once you are there.

• 1 — Minocity, as the map itself names it
• 2 — the ground above the treasure

• Level 40 at least — there is a level door on the way in.
• A rope. You drop in through a hole, and a rope is how you climb back out.
• Something for dragon lord, dragon and fire elemental — they live down there.

The chest is 5 floors under the surface. Going down over it, this is what each floor uses:

1. Ground: down through a hole.
2. 1 down: down through a ladder.
3. 2 down: down through a hole.
4. 3 down: down through a hole.
5. 4 down: down through a hole.

• 1 — the way in: a hole, ground
• → — the treasure lies this way

• 2 — a ladder, 1 down
• → — the treasure lies this way

• 3 — a hole, 2 down
• → — the treasure lies this way

• 4 — a hole, 3 down
• → — the treasure lies this way

• 5 — a hole, 4 down
• → — the treasure lies this way

• 1 — the chest

The strongest 14 of 17 kinds whose nests reach this place.

One chest, one reward.