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I'd think you could have it in pretty good shape for $4500..
Then there are the chrome bores, etc., etc.
Wasn't sure about that, guess that's a consideration. I couldn't find another example of that color scheme, looks like a 1000s; was that an original T scheme?
Or one could just buy Lance's, that is already done, and just ride... The one linked to appears to have early 1000 SP mufflers mounted directly to the headpipes. Makes me wonder what else has been done half-arsed. Then there are the chrome bores, etc., etc.
Lance will also entertain trade offers like DRZ400s, WR250, DR650 or similar for his 850T as he is in need of a small to mid sized street legal dual sport.