Paper loses. I shot this 20 round group with a warm barrel at 50 yards. I really need to get a front sight tool for this rifle. Using the proper sight picture, it shot about 10" high at 50 yards (this was using the "battle" mark on the rear sight). So instead of my sight picture looking like --\|/-- it was more like --\./-- Having a dimly lit indoor range and black sights didn't help much. Once I get my sight tool in, and make the sights a little more visible, the group size should come down some. Nevertheless, the grouping is pretty impressive considering how far off the sights were, how hard they were to see, and the condition of the barrel. Oh yeah, this was shot with the real cheap Wolf-brand ammunition.