To anyone questioning franks loan I did some homework:

 

 

Other loan comparisons  

 

Fire River Gold Corp borrowed $7.5million and paid %22.66

Oromin Exploration borrowed $5million and paid %24.25

United Mining borrowed $10million and paid %21.75

 

2 facts

 

1)    All these companies were tradingwhen these loan were issued (less risk associated)

2)    These were much longer term loans (12 months – 28 months) and there for should warrant lowerinterest rates