the million dollar question

I have seen manny stocks rise and fall. My concern with WAL is the underlying value.

Is WAL value based entirely on CLR holding, does CLR really have anything.

Does WAL tenaments really have a resoruce that is minable even though its close to BHP.

If WAL does have a tenament close to BHP will the bring it into productor or will it be taken over at a disocunt like most coal stocks, RIV comes to mind.

I am very close to buying 200,000 units but Im not sure if would be a safe investment at this point.