When the going gets tough...the tough get casting! .311 caliber bullets aren't exactly cheap or easy to find compared to .308. I have a stash of pulled Russian 150 grain bullets that shoot very well out of my Finn Mosin, but I haven't seen any more for sale for years so I wanted to save those and use some cast bullets for short range and plinking. So, I put this together:
168gr Lee gas check bullet cast from a 50/50 mix of soft lead and Linotype. It's lubed with a 45/45/10 mix of Alox, Johnson's Paste Wax, and mineral spirits. Loaded over 12 grains of Unique with a S&B primer I was shooting 1 hole groups at 50 meters a couple weeks ago, slung up from prone (not from a bench) and with iron sights. I started out at 11 grains and the accuracy got better as the load increased, so I've loaded up a few more to keep bumping it up 1/2 grain at a time until I reach the sweet spot.
Recoil is LIGHT. Feels about like a .223. My M39 has a sharp edged steel butt plate and while full power loads aren't unpleasant they get your attention. I had to run my sight up to the 600 meter setting to get my point of impact correct, but I think with a little more powder this could be a decent load out to 200 meters or so.
My M39 has a much shorter throat than most Mosins, so I had to seat the bullet pretty deep to get it to chamber.