Thats a nice gun.Because it has a clip magazine you can shoot spire points in it {other than leverlotions}. You'll have to hand load or find someone to hand load for you you.With spire points you have 200 yd. deer rifle,IMO i dont think you could push it much farther.As far as elk i would say to keep it 100yds. and less. Put a 4x scope on it and go hunting with it.