Step 7Trigger assemlby
iImage Information

the trigger assembly consists of only a few parts but ti requires heavy modification. the first step is modifying a short 4 inch long piece of 3/4" pipe. you need to cut two slots in it length wise so a blow gun valve can be inserted into it. it is rather hard to describe so just look at the pictures. the next part is the 3/4" 45 degree elbow, you need to make a hole in it so you can connect a hose to the blow gun. once again refer to the pictures of this piece also but before you cut the hole remember to glue in a short piece of PVC into th elbow. after the pieces have been modified connect the elbow up to the rest of the gun (using the 90 degree 1" elbow that was modified earlier) and hold in in place with a screw of some sorts (so the trigger doesn't twist to the side as your firing). once the elbow is secured on the gun feed the hose through the hole in it and connect up the blow gun valve. then your pretty much done, congratulation's you have a 25MM sniper capable of doing some serious damage
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If you are trying to quickly 'throw this together' for a science fair, it's probably not such a good idea. If you are interested in building one for yourself, start by reading all of the related instructables you can find as well as by using Google to help answer specific questions you may be having about individual components.
For some quick answers to your questions: 1. Expect to spend around $100 if you are starting completely from scratch. 2. The air is pumped into the chamber through the quick disconnect valve using a hand pump, compressor, etc. 3. Your "ammo" is loaded into the barrel through the bolt, the gun is then pressurized, and then the blow gun trigger is pulled, opening the valve and releasing air, which in turn will launch your projectile.
Sprinkler Valve ~ $20 (bought online, you probably can get it cheaper)
Blowgun ~ $6
PVC Cement + Primer ~ $10
Tire Valve (2 pack) ~ $5 (probably could find one for free)
Plastic 7min Epoxy ~ $10
PVC Pipe ~ $15
PVC Fittings ~ $15 - $20
All that adds up to a little over $80. I also got the pressurized air line and fittings for free so I'm not sure how much that would cost (didn't have pressurized tubing at home depot, surprisingly). I also still need to purchase a scope and a pump which will definitely set this project upwards of $100. I'm sure you may have some of the items lying around, and can definitely get some cheaper than I did; but if you really are starting from scratch, i don't see how you could spend only $30 - $40.
On top of this, I have a ton of tools at home and have access to a machine shop. You need to make sure you have the proper equipment and tools to complete everything before you start spending money on parts.
http://www.youtube.com/watch?v=5D-_e26Vv5o