Iron ore spot markets ripped higher on Monday, mirroring an...

Iron ore spot markets ripped higher on Monday, mirroring an equally strong move in Chinese futures earlier in the session.
The price for benchmark 62% fines jumped by 3.74% to $67.43 a tonne, according to Metal Bulletin, the largest one day increase seen since October 25.
Not only did it extend its increase in 2016 to 54.8%, it also marked the second highest closing level since mid-January 2015, second only to April 21 where the price surged by 8.8% to $70.46 a tonne.
From the end of the Golden Week holiday in early October, now a month ago, the price has soared by 20.7%.

IRON ORE    US  67.43
PREMIUM    US  10.00  Suggesting the market is getting closer to this mark  ?
  US  77.43

US   77.43 = AUD  $ 100.45  Per Ton

Remembering all goods costs with this project in australian dollars  " not bad -getting better  "   ???

When US interest rates go up ours will come down  !!!   representing a higher margin  ????????