Darn, I wish we had a Big 5 around here!
The least exspensive re-barreling will be a midway A&B, finished price will be $150-175.
To scope the rifle you need to have the action drilled/tapped, the safety changed, and the bolt handle re-welded $100-150.
You'll want another stock, $100-150 on the low end.
You'll want it blued as well $50-100.
So, even with a starting point of $50, you're looking at $450-625.
As I said, no point in building something just as good as a factory gun, and I'd recomend a higher quality barrel, Pac Nor cro-mo are only $30 more, but it has to be threaded, so that will add a couple $ for the machining, but is well worth it in the long run. Same deal with stocks, the low $ ones generally have the feel of a club, and the cheap plastic, aka tupperware stocks don't have sufficient rigidity. I know this because I have an A&B barreled VZ-24 w/ a butler creek stock. The stock will be replaced, and perhaps the barrel down the road. Not that it isn't accurate, shoots 3 into 1" - 1 1/2" at 100 yds, but it fouls quite a bit, and is finicky w/ loads. I did all the work except the finish chambering, and still put over $300 into it.
So, if you want a good quality working gun, not a full blown custom, but something you'll be proud to own, and will be your ideal, I'd expect to put $1k into it, maybe a little bit more. I'd also recomend you spend the time figuring out exactly how you want it made, and not trying to save a few $. If you try to cheapen it, you most likely won't be happy with the results, and the money you loose when you sell it would have covered having it done the way you wanted it.
My 2 cents, been there, done that, wished I'd headed others advice.
As Paul says, you will not save any money over buying a M70, but you will wind up with a unique rifle, especially if you choose the cartridge carefully.
[This message has been edited by John Ricks (edited 07-10-2001).]
John, what's the max cart length on that action without a lot of fussing around?
[This message has been edited by BigBores (edited 07-11-2001).]