I did a 7.62x39 conversion on a Cooey Carcano last winter (details at link below). I was able to get groups around 1.5-2 MOA using a re-cycled .303 Lee-Enfield barrel. Next spring I plan to experiment with some handloads and possibly cast bullets.
http://www.canadiangunnutz.com/foru...x39-with-detachable-magazine-(Pic-Heavy-Post)




























