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Ron Paul feted in raucous six-hour farewell rally in Tampa
By Deborah Charles
Reuters
Sunday, August 26, 2012
http://news.yahoo.com/ron-paul-feted-raucous-six-hour-farewell-rally-012...
TAMPA, Florida -- Thousands of die-hard Ron Paul supporters paid no heed to Tropical Storm Isaac on Sunday and held a marathon rally in Tampa to celebrate the 77-year-old congressman, who gave a farewell speech of more than an hour about his libertarian views.
As Republican National Committee officials scrambled to adjust the storm-shortened schedule for this week's convention to nominate Mitt Romney for president, Paul followers gathered across town at the University of Southern Florida's Sun Dome.
Paul, who is retiring from Congress this year after a colorful career and three failed White House runs, looked embarrassed as he got a prolonged standing ovation from an ear-splitting crowd as music thumped "Ron Paul, Ron Paul" in the background.
... Dispatch continues below ...
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Paul, who is retiring from Congress this year after a colorful career and three failed White House runs, looked embarrassed as he got a prolonged standing ovation from an ear-splitting crowd as music thumped "Ron Paul, Ron Paul" in the background.
He praised his supporters for backing his vision of reduced government and increased personal liberties and urged them to continue the movement even now that his presidential bid had ended.
"The convention is very important this week. ... (But) there's something even more important than all that and that is the cause that we're leading, the cause for liberty and the attention that we're getting right now," said the Texas congressman.
In his last speech of the long campaign season, Paul gave a rambling, 65-minute discourse that jumped from one topic to another and made reference to novels and history. But the crowd stayed engaged, chanting "President Paul, President Paul" and cheering his belief government should be cut.
Filling seats up to the basketball arena's rafters, the sign-waving crowd had already spent most of the five hours before Paul spoke listening to speakers bashing mainstream Republicans, the Federal Reserve and calling for an end to U.S. military involvement overseas.
A favored topic was getting rid of the Federal Reserve Bank. South Carolina state Sen. Tom Davis got the crowd revved up into a frenzy when he criticized the central bank chairman. "Ben Bernanke is a traitor and a dictator," Davis said to roars from the crowd as they stood and stomped on the floor.
Paul told The New York Times this weekend that he was not speaking at the convention because he did not want to give Romney a full-fledged endorsement. His son Rand, a U.S. senator from Kentucky who is seen as the future of the "Ron Paul Revolution," is speaking at the convention and has supported Romney.
Republican officials and the Romney campaign were worried that Paul's often-rebellious supporters would stage an unlikely attempt to have him nominated at the convention, and distract attention from the party's message of defeating President Barack Obama on November 6.
But Paul backers, a unique combination of conservatives, the young, retired members of the military and independents, have been placated in part by the party putting ideas like an audit of the Federal Reserve -- something he has long supported -- onto the party platform.
Nevertheless, Paul and several of the rally's speakers Sunday afternoon blasted the national committee for changing rules to make it tougher for an outsider like him to get delegates to become a candidate with a realistic chance of advancing in the nominating process.
Paul failed to win any states in this year's Republican primary and caucuses votes but gathered up to 200 delegates, enough to cause disruption at the convention.
Paul's message of sharply reducing the role of government, scrapping the Federal Reserve and ending the U.S. military presence overseas resonated this election cycle more than in previous years. It was seen as attractive to conservatives and some disillusioned Democrats in times of a deep budget deficit and war weariness.
Paul joked about not being asked to speak at the convention.
"Today I was very excited. I got a call from the RNC," he said. "They said they changed their mind. They were going to give me a whole hour and I could say anything I want -- tomorrow night."
He paused to let the crowd realize convention events had been canceled for Monday night because of Tropical Storm Isaac. Then he said: "Just kidding, just kidding."
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Prophecy Platinum Announces Wellgreen Preliminary Economic Assessment:
38% Pre-Tax IRR, $3.0 Billion NPV, and a 37-Year Mine Life
Company Press Release
VANCOUVER, British Columbia, Canada -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) reports the results of an independent NI 43-101-compliant preliminary economic assessment for its fully owned Wellgreen nickel-copper-platinum group metals project in the Yukon Territory.
The independent assessment, prepared by Tetra Tech, evaluated a base case of an open-pit mine (with a mining rate of 111,500 tonnes per day), an on-site concentrator (with a milling rate of 32,000 tonnes per day), and an initial capital cost of $863 million. The project is expected to produce (in concentrate) 1.959 billion pounds of nickel, 2.058 billion pounds of copper, and 7.119 million ounces of platinum, palladium, and gold during a mine life of 37 years with an average strip ratio of 2.57.
The financial highlights of the preliminary economic assessment, shown in U.S. dollars, are as follows:
Payback period: 3.55 years
Initial capital investment: $863 million
IRR pre-tax (100% equity): 38 percent
NPV pre-tax (8% discount): $3 billion
Mine life: 37 years
Total mill feed: 405.3 million tonnes
Mill throughput: 32,000 tonnes per day
Prophecy Chairman John Lee says: "We are pleased with the preliminary economic assessment results. The numbers indicate that Wellgreen is one of most exciting mineral projects in the Yukon. The company is drilling to upgrade and expand the resource base. The infrastructure is excellent as the project is only 1,400 meters in altitude and 14 kilometers from the paved Alaska Highway, which leads to the Haines deep seaport. Discussions are under way with support from local stakeholders regarding permitting and logistics."
For the complete press release, please visit:
http://prophecyplat.com/news_2012_june18_prophecy_platinum_announces_res...
