per share value of deal, page-5

I'm not sure I'd call it "very conditional" - from today's ann.

"This agreement is conditional on Cape Lambert providing the purchasers with an independent
geological report confirming an indicated JORC compliant resource of 300 million tonnes. The
Directors expect the report to be completed in Q2, 2007.
The agreement is also subject to the company obtaining all necessary shareholder and regulatory
approvals."

There's no "commerciality" clause anywhere, this is a binding agreement upon meeting those and only those conditions I believe, and 300mt wouldn't seem like a tough ask given past results.

On the surface deal looks pretty good for CFE IMHO