Cheap Long Range Setup

[jthrelf]

I'm curious to get thoughts on the feasibility of putting together a long range setup for very cheap. With today's options for entry level bolt actions that typically come in at sub-MOA perhaps it's not impossible.

Suppose the shooter did his part with:

-Ruger American in 30-06 or 308 - left handed [I know perhaps something like 6.5 creedmoor may be better, but '06 or 308 does have practicality wins for me]. I would be relying on factory ammo.
-mid-high magnification scope in the $600 range

Capability to consistently hit 3'x3' plates at 800-1000yds would be the target.

Could it work? Is spending money on glass more effective than spending money on a rifle?