Sounds like a good way to get seriously hurt. There is no way that a plastic bolt on a plastic receiver would be anywhere near strong enough to safely fire anything more powerful than a .22 lr.
If they can get a plastic barrel to fire a few dozen shots, I foresee a semi-auto model in the near future. Basically a single-use semi-auto pistol that you can throw away.
They tested it successfully with .380 several times. After first testing it from behind glass, the site's founder was confident enough to shoot it with his bare hands.