Dave, when you think that way, the only mistake in your logic is you're thinking of the way you do it - the right way. Which involves following the true definition of the word "restoring". How many ads do we see for bikes that have been 'restored' and yet we can pick them apart with all the flaws and things left out of the restoration process... so yes, if you actually do a restoration correctly, of course you're not going to make any money on it - unless it's then sold to a collector who truly understands, and will pay for, the full effort you've put in.