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I think your answer is from $1500 (replacing valve guides, all gaskets, that's it ) to $12,000 for new P&C's etc. The thing that gets you is all the "while you are in there" and performance mods...
Budget - then increase the time and cost x4, especially for a 1st timer.
Lots of gotchas on these engines... Oh - and measure EVERYTHING - even the stuff comming straight from the machine shop.
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Current Whip: - 2003 996 Twin Turbo - 39K miles - Lapis Blue/Grey
Past: 1974 IROC (3.6) , 1987 Cabriolet (3.4) , 1990 C2 Targa, 1989 S2
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