Yeah, that's what the service manager at the shop I called said as well. This bike would likely need the gears as well, I could barely give it any throttle and it would slip! Plus it needs fork seals, new front tire, likely a carb syncing (wouldn't pull full revs in 3rd on a flat) and likely a valve adjustment. He wants $2000 (CDN) and just to fix the gear box is likely a $600 - $700 bill.
So I think I will be Banditless for now... unless someone on here has a nice one for me! I haven't looked in the for sale section yet.
I'm bummed, I really wanted to get this one!