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Battle, I sunk over $2000 in a Mauser conversion last year. The masses here have spoken, and they are right. Be prepared to spend some big money. If you want a .300 Ultra, be prepared to have the barrel replaced every 5000 rounds, as they eat barrels up. I had mine rebarreled to .338/06, and have not regretted it. I stayed away from the Magnums, as the barrel life is cut by a solid third with one. If you want a Magnum, do yourself a favor and buy a rifle already chambered for it. Devil Dog is right, too. The 8mm/06 is excellent, and is a lot cheaper. It's an excellent cartridge for the money, and is easier on your shoulder/wallet. Good luck.

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