RE: Financial Expenses 2Q I'm not 100% certain what the exact costs associated with the Royalty Capital loan is, but it is quite clear that it is costing them money, a very scarce commodity for BNC.
From September 27, 2012 Year End Report:
"The Company has estimated the future cash flows of interest, principal and royalty interest associated
with this loan facility and recorded the loan at its effective interest rate of 24%."