Disappointing and punished I am. Punished by breaking my policy...

Disappointing and punished I am.

Punished by breaking my policy of only buying entry level stock and following someone I respect (Tibbs) without doing research.

Bought at $1.75 average.

So let's have a look.

WHE are aiming for 100M lbs by the end of 2008.

WHE have 100M shares on issue and $30M in cash, which is plenty for 2008.

Therefore, by end of 2008, WHE is aiming to have 1 pound of uranium for every share on issue.

In other words, if WHE meet its goal, it is currently trading at less than $1 per pound of uranium.

Have I got this right?

Looks like good buying.