Someone cut down the left side of the action, then welded a piece into the right hand side and machined it down. They also filled in the extractor collar slot and the extractor slot in the bolt, cut away the cocking cam and filled in the original cam, then moved the bolt handle and welded the recoil lug to the barrel and/or receiver.
Maybe, as a gunsmith and welder, you feel you have the expertise to know that all that heating and welding didn't affect the strength of anything. I don't have your super expertise, and I wish you luck, but I wouldn't fire it from the shoulder for any amount of money.
Jim
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