a wildcat but not a panther

I have followed Wildcat Silver for about a year.It is an interesting venture.It is one of the largest orebodies in north America.So far it is undeveloped, although they have done some exploratory drilling to guage the grade and the extent of the orebody.Their price per share has been higher but it was lower recently as the price of silver fell to the $18 an ounce area.The future price
 is uncertain and almost limitless.
Wildcat is now or soon will be looking for cash to develop this huge orebody.They acquired a small gold company recently that had no property but did have some cash on it's balance sheet.This did help them develop a little bit but now they need to move to another plateau.They need more cash!They are coming to a crossroad.There are a number of  possibilities to raising the needed cash.They could follow the route that Sabina Gold and Silver took.They sold a part of their property for cash and royalties on whatever silver was produced.They had an escalating agreement.If production was beyond a certain level the royalty increased but the cash portion seemed to be fixed.Or they could easily have a farm-in agreement;this involves finding a larger partner to develop all or most of their property for cash and a minor or major share in the asset.A more traditional route would involve issuing convertible or non-convertible debentures on the value of the asset.Convertible debentures would be costly because the conversion would be to Wildcat shares which are a little low now until the price of silver goes back up(at least to $28 or$30 an ounce).This would dilute the price of Wildcat shares but non-convertible debentures would not have this problem.However the money must be rolled over or paid back.With low interest rates this is a viable option.
So either selling a part of their large asset and taking a minority or majority partner on the whole asset or coming up with a creative financing deal like Sabina came up with.I like this option and by the way Sabina Gold and Silver has a large orebody also.One way

or another soon Wildcat must do something to become more like Great Panther Silver which has producing mines.