You would have plenty of gun with the 308.
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These animals have very large chest organs and they just don't always fall over from a single chest strike. There is no shame in shooting two or even three bullets into the chest of a large bull. The moderate recoil of .308 allows quick and accurate shots.
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Bust 'em til they're down.
Most elk I have come across have a place in mind to head to, it usauly is not an easier place to pack one out of.