minning investment

Morning Guys, some miners keep on financing development story on Roy Hill below .
SDL has been mentioned in this forum and I understand it has a published resource of 775mt(shore they will find more) and had lots of interest in tenders for 510km rail in jungle and new port. FMS has 1bn tons? of ore closer to coast with established ports????

Cheers


http://www.businessspectator.com.au/news/2014/1/21/debt-
capital-markets/rinehart-confident-roy-hill
Rinehart confident on Roy Hill
Australia’s richest person, Gina Rinehart, continues to add to the cash already sent the way of the $10 billion Roy Hill project, according to The Australian Financial Review.
With the project receiving some positive funding news in December, a subsidiary of the Ms Rinehart-owned Hancock Prospecting put forward another payment of $251.6 million on the Western Australian iron ore development.
Documents presented to the Australian Securities and Investment Commission show the payment was made alongside a $15 million downpayment by joint venture partner POSCO, the AFR said.
The project developers are hoping to raise around $7 billion with assistance from governments and banks around the world.