$700? Ouch, unless it's one of their gussied up models. You could probably build one from parts for less than $500, if you have moderate skill with tools and access to the right stuff (vice, coupla inexpensive specialty tools, various handtools). Unless your locale is odd, the only part that you will need to buy from an FFL holder is the frame. Everything else can be gotten from numerous sources. Check Brownells out and see what they have. There are also lots of other places where you can probably find stuff cheaper. Then again, it is a bit of a project to bite off if you don't have the skills and tools.
One wildcat I did like was 9x25 Dillon. It's a 10mm Auto case necked to 9mm. With normal pressures and a good compensator, the gun recoiled down =)
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