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This is still quite the shocker: The Toronto Stock Exchange is approaching the 14,000-point mark again.

Because the index's meteoric rise happened so quickly, anyone who hasn't paid close attention could easily underestimate how much cash is pouring into equities. Moreover, the speed with which some resource stocks are climbing has some market watchers adamant that this is simply a short-term bubble.

Yet many investors feel otherwise. These buyers simply can't get enough of the junior resource deals that are coming to market because they think large businesses are either cashed up or have stocks that are already fully valued. Given this demand, a good number of junior and small-cap deals are unexpectedly getting upsized.

Sabina Gold & Silver Corp. was the latest company to tap the market with a bought deal of both common shares and flow through shares Tuesday morning. What started out as a $75-million offering turned into a $90-million deal, with the common stock offered at a 4.3 per cent price discount to Monday's close. BMO Nesbitt Burns led the offering.

Southern Arc Minerals Inc. latest deal also started out as a $20-million overnight marketed offering late Monday, but was ultimately upsized to $27-million in the morning. Mackie Research acted as lead agent for the deal.

The list goes on. Other junior resource companies that recently had their deals upsized include Golden Predator, a gold explorer in the Yukon; Allana Potash, a potash miner with an Ethiopian asset; and New Millenium, an iron ore miner in Quebec as well as Newfoundland and Labrador.

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