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Are you sure you can find a good donor?
When you say donor, what car is to be the donor? I immediately assume Factory Five, but there are others. There used to be a ton of good, low mile Fox Mustangs out there to use as donors. That was 10 years ago. Try to find a nice one now. And the Mustang guys will kill ya for stripping a nice one. They're collectible now, ya know. You probably will be either using questionable, worn out parts, or buying new ones 'cause you can't find good used. I echo the other responses - buy an already-built one and save a bunch of money. If you are considering a kit because you want to build it yourself, believe this - there are always projects to do on a Cobra. You can always tear it apart once you buy it and rebuild from the ground up. Repaint it, add missing options you'd like, etc. Just as satisfying, makes it "yours", and a lot less $$$$$ in this economy.
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CSX4068, '69 Bronco, '70 BOSS 302, '87 Mustang GT, '08 Roush Trak Pak
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