Aim surplus has some nice 7.62 Nato @ $389/1000. http://www.aimsurplus.com/product.aspx?item=A308Ger
If you need ammo, it is good stuff.
Confirming what Bedford said, it works very well in my M1A. An added plus...its Berdan primed so you don't have to agonize over not finding all your fired brass.
Both of my M1As like this stuff very much; both Sportsman's Guide and Midway were selling this for around $450 a thousand.
Ordered some of this for my son's LR308. Should make for a nice Christmas present!
Thanks for the input, guys!