Most likely the damage is done, even if you put it back to where it was, the steel structure is damaged in that spot and will likely fail at some point in it's life. Even that would not be life threatning, just an anoynance if the barrel blew out. If I were to try a fix, I would turn a piece of steel that just fit the inside part of the barrel except where the bludge is, put it in the barrel and then drive the buldge back in place over it using a nice heavy brass or lead hammer. When you are doing these things it is best to move the metal as much as you can with the fewest blows, each blow works the steel, so I would put the mandrel in and beat down the lump with few good firm blows. Larry