Yes it can be done.
Is it worth it? Not In My Opinion.
You really need a Machine Shop or at least a Mill to do it right.
The "Dremel Method" is a Joke.
You will need to widen the mag well which will weaken the receiver.
You could possibly weld side plates to give it more strength.
SKS "M" and "D" models have a Metal Mag Well.
AK mags sit very deep in a SKS.
I owned a M and it was much harder to change mags on than an AK.
You'd be better off spending your money on a "M" or "D" or an AK Hunter.
20" Barrel, Milled Receiver and uses all AK mags even Drums.
This one's for sale on Gun Broker.
KGB - 01FFL - "You don't ban electric guitars just because someone may have a lapse in logic, goodwill and decency and spontaneously break out into country and Western music". Ted Nugent