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Hmmm... are you saying that I will have invest $60K by the time it is over
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That depends on your consumption of the final piece of equipment....beer.
In all seriousness, you will probably need $5,000 in tools and equipment at a minimun. A decent wheel is $1,500-$5,000. I have an Imperial 28F which is now about $3,000. I bought it some years ago for $2,500. Add $1,000 learning how to use it and weld. Then add $1,500-$2,000 in smaller tools such as shrinkers, stretchers, hammers, mallets, welders, rotary formers, sheet metal cutters, and too many small tools to imagine. I easily have $10,000 in metal forming tools and could easily spend double that much again. On the other hand, a Cobra only requires a few thousand dollars in steel, aluminum, and rivets to build. Get the fiberglass footboxes from ERA, Factory Five or someone similar and your in business as a "scratch builder".
Cobra Restorers has the complete blueprints of a 427 chassis for $200. Just bought them myself.