Lithium Americas Corp (LAAC)

[InforichIH]

Perhaps some are selling today on the news of Tesla's proposed battery suite at the "gigafactory" in Nevada. That's still some years away.

https://news.fidelity.com/news/news.jhtml?cat=Top.Investing.RT&articleid=201505010021RTRSNEWSCOMBINED_L1N0XR42K_1&IMG=N

http://www.reuters.com/video/2015/05/01/tesla-unveils-batteries-for-homes?videoId=364066567&videoChannel=5

But WL likely will have a more immediate payoff by selling Hectatone used in deep well drilling for geothermal power already underway in Texas. This is my speculation by connecting the dots.

"The SMU Geothermal Laboratory, the National Renewable Energy Laboratory (NREL), the Bureau of Economic Geology at the University of Texas and others have analyzed the geothermal resource potential of Texas, and it holds tremendous promise. Capturing even just 14 percent of the heat beneath Texas could provide nearly 300,000 MegaWatts of electrical generation capacity for years and years — that’s almost three times Texas’ total electrical generation capacity from all sources (GRC Trans. Vol 25, Blackwell et al, 2011). Distinctly different from the very high temperature steam fields of California and Nevada, the geopressure-geothermal resource along most of the Gulf Coast is lower temperature and fairly deep, with temperatures in the area averaging ~200°F at 12,000 feet, transitioning to ~400°F by 21,000 feet. Although in areas of South Texas, the heat is significantly closer to the surface.

While years ago, drilling to such depths may have been cost prohibitive, it is now fairly routine in Texas. In fact, of the 4,803 drilling permits approved in South Texas’ Railroad Commission District 4 since 1/1/2011, 30 percent were for depths exceeding 12,000 feet, with 6 percent exceeding 17,000 feet (data query on 4/6/2015)."

http://www.renewableenergyworld.com/rea/news/article/2015/04/using-geothermal-solutions-to-desalinate-oil-field-water

Best to all LT longs. Info