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Impossible to answer accurately. Unless we see the car and the rust, it's pure speculation.
$50 an hour? You must live in east jabib. That's dirt cheap.
FWIW I just had a very rusty BMW fixed and painted, with a total color change. I delivered the car totally stripped and I supplied the big sheet metal. (front fenders and both floor pans. He fabbed up the rest of the steel.)
I'm all in at about $8K, and I live in metro NYC. Porsches demand more $$$ because they're Porsches. Good luck.
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1978 SC Coupe, Gris Argent Metallic Silver
1988 FJ62 Blue/Gray
2020 M2 CS
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