A top-down cape knitted with circular needles. When you work the front openings (big eyelets) you are going to work a portion of the project open, by working rows. To make a clean opening I suggest this technique, that i also use for the creation of slits.
https://www.youtube.com/watch?v=T77P9ZWrBvg

REQUIREMENTS
Yarn: Myak, Baby Yak, 100% YAK, 50 grams, 117 meters (125 yards),
XS-S(M-L, XL-XXL): 2(3, 4) skeins
Gauge: 16 sts x 24 rows in 10x10 cm in stockinette stitch
Needles: 4,5 mm circular needles
Notiosn: 2 stitch markers, tapestry needle to weave in ends