7.62x54r

[blackford76]

I don't know the answer about round count, but 7.62x54R would be fine for elk.
I have considered my Romac 3 for an elk gun.

[porfiriozg]

as far as i know it 5 rounds

[huntinggamo]

the 7.62x54R is capable of droping big game, but be aware of your choice of bullet, surplus FMJ rounds will perform very porly!!! please be an ethical hunter and select a round that will offer some expansion...

[rammit]

As mentioned you will need an expanding bullet but they are avaloable by several companies I think even wolf, it is also required by law

[GunsRBadMMMMKay]

Yeah Wolf and Bear ammo's make soft point in 7.62x54R. You'd think with the popularity of the round, there would be some more choices (I've seen 7.62x39 hunting ammo so I know the bullets are out there lol).

[jerrymrc]

shameless plug for a box of ammo. http://www.co-ar15.com/forums/showthread.php?t=36373

[Colorado Pete]

Check out the game regs online. Last time I looked mag limit for a semi-auto was 5 rounds, but none listed for a bolt gun (I was checking due to my owning an Enfield .303 10-shot bolt gun), but rules can change.

Get good soft-point hunting ammo of at least 150 grains bullet weight (more if possible) and put it in the right place, and you'll do fine.