Originally Posted By GlutealCleft:
Sure, you can head over to rimfire central... but those guys are going to have you spending nearly four figures before long.
Before you start doing anything to it... first, take out a piece of paper and write down on it just what group size you would be happy with at 50 yards. For the vast majority of people, 1" is quite enough. Chasing small groups just for the sake of small groups can be a very expensive endeavor.
When you do start upgrading, first to work on is the trigger. Then, try a number of different types of ammo, and see where it's at.
The ceiling is about $1300.
That will buy you a Kidd Supergrade that will shoot with the best 3 position target rifles. Or better.
However, one of the guys I shoot against has a gun with Kidd parts in a Ruger receiver and a stock whose maker escapes me that is extremely difficult to beat. Really, we're up against the ammo as much as anything.