$25 million at 10% seems really generous from RCF so it'd be...

$25 million at 10% seems really generous from RCF so it'd be interesting to know what exactly theyre getting out of it.

Those 5 year 10c options are worth approximately 5.9 cents each based on historical volatility (very rough calcs). Which means that are getting $500000 ( from the 2%) + $20m (value of the options) up front. From RCF's perspective they are lending $4.5 million and receiving $2.5 million in interest per year.