It would be great to see standard reporting like that, so we can better compare u/g to open pit operations.
To SLR's credit, they have provided guidance on expected average life of mine development costs in recent presentations (aug 2012) so that we can allow for it. These costs are also reported in the profit and loss as amortised developments costs. In the june 2011 qtrly they broke these down as waste development costs -sustaining and waste development costs-prepaid. Then total cost was reported as $1012/oz for 2011 but this is now forecast to drop to around $750/oz for Mt Monger with increased production (ave LOM).
I like what NST does, they report cash cost and at the same time total cash cost. Problem is at the moment is total cash cost defined exactly the same for each company.
SLR Price at posting:
$2.90 Sentiment: Buy Disclosure: Held