Here's are some comments from Casey research on goldcorp re El Morro mine....so take it as you will on ngd

Comments: There's not much to go on in this press release, but what we can tell you is that this isn't the first time there's been an issue with the environmental permit at El Morro. The main grounds for the court suspending the permit is that the indigenous people (Diaguita nation) supposedly were not "adequately consulted nor compensated." Project field work has been suspended, so this may sound concerning, but El Morro isn't scheduled for production until 2017, and management hasn't even been able to determine what the commercial levels will be there yet. The project has 5.8 million ounces of gold Reserves, currently representing about 8.9% of the company total, so naturally we want to see it developed. Our "big growth" thesis with GG isn't compromised with this development, however, because current growth projections don't go beyond 2016 and we're optimistic this will be resolved long before then. Given this and that we see no reason to view this action as a deal killer for the mine, we would by a tranche here. We're not sure if this is the bottom, but the stock is getting awfully cheap.