I have a 1909 that was rechambered to .308. It shoots great. However, when I bought it, it was already rebarreled, so I have no idea who did the smithing.
You may want to post your question over in Smithing. I'm sure some of our board smiths could give you a quote.
And as to the question, why a Mauser? When you could just get a Sako or a Remington.
Mausers are nice rifles. They have a huge amount of history and class, and there is just something special about hunting with a gun like that. Large ring Mauser actions are some of the strongest ever created. Controlled round feeding is great for dangerous game, thats why the most common dangerous game rifles are usually in a Mauser type action (like the pre '64) or a Mauser derivitive.
Also if you look at the bang for your buck, you can build up a rifle to your exact specs, for not much more than purchasing a box stock rifle that is just like the box stock rifle everybody else has. And that is just for sporterizing, I love military Mausers just the way they are.
You can pick up a surplus Mauser for in good condition for anywhere from $30-$200 bucks. Even if you ditch everything but the action you still have an action cheaper than a Sako action. (Don't get me wrong, I think Sakos are sweet).
Barrels are usually well under $200, and that is for a good one.
Stock of your choice, around $100, give or take.
Canjar triggers, I think are about $40. But I haven't looked at them for a while. Titanium firing pins can be used to reduce locktime, but I don't know how much those are going for either.
So there are all sorts of possibilities, and when you are done, you have a rilfe that is unlike any other rifle out there.
Excuse the long winded post. But I really like Mausers.