Just finished this yesterday. I liked the two of these that I made for my Dad so much that I made one for myself. It is basically identical except that I used a .22 magnum shell in the end of the handle instead of a .223 shell in the middle of the handle.
These are really popular. It is a gift to a friend. The blade is 1/8 inch thick D2. Black Paper Micarta serves as the handle material along with brass bolt style rivets and a .22 magnum shell.
I have been wanting to make a nice little drop point hunting knife. The exact shape has been alluding me, until I came up with this. It is basic, but I really like it. This one is going into my personal collection. The blade is 1/8 inch thick D2 and 2.75 inches long. Overall is 6.25 inches. Handle material is green canvas Micarta. It is all held together with Loveless style bolts and a .22 magnum shell. There are red liners between the tang and Micarta.