I think the last two paragraphs are the most important. I think Atlas believe a compromise will occur. And why not when both Fortescue and Hancock can inject many Millions of dollars back into the Government coffers.
"However, Atlas notes media comments attributed to the Western Australian Premier Mark McGowan indicate that the State Government has not ruled out a compromise on its “junior miner” policy if an iron ore major emerges as an owner of Atlas.
Atlas notes that in any event, the shareholders of NWI remain in aggregate the owners of the largest undeveloped Pilbara resources, other than existing major producers. "