That's very good news.

It eliminates the fear of having problem finding funding before they can reach full production. It's assurance that they have more time to ramp up.

Is priced above current share price.

Not too large an amount so dilution isn't so bad.

An insider participated in the buy.

Flow through shares is good for buyer to reduce taxes, is a safer investment for them than pure exploration company because MTO is already producing.

Any time uncertainty is eliminated is good.