The fact that the company has upped the initial production up to...

The fact that the company has upped the initial production up to 1M tonnes to me seems to show that they're pretty sure they can get the capital needed, they wouldn't be taking this risk and almost doubling the capital cost if they thought it would be hard to get the funds.

To me this gives me alot more confidence in the project especially seeing how a major criticism of these types of projects is that they wont be able to raise the capital needed in this tight market atm.

Fact of the matter is that countries in Asia are looking to secure their access to iron in the long term and imo the state of the US economy (which everyone seems so worried about now) will not change this fact.