I think a lot will depend on how much you can do yourself. Obviously, doing the bodywork yourself will save a big chunk of change. I did relatively little of the work on my car (just suspension and brakes, mostly) and labor rates at local specialty shops are $150/hr plus, so things got expensive quickly.
Sounds like your car has been sitting a while, so it's likely the hydraulic and cooling systems will need total rebuilds, including many new parts (possibly even the steel coolant tubes running under the car). If the engine passages are rusty, you're probably better off completely stripping the engine, having a machine shop look at it and doing a full rebuild. You don't want chunks of crud or corrosion screwing things up later. You should be able to re-use most of the major components if they're in good shape. My engine was about $8k in labor (including balancing at the machine shop) and another grand or two in parts, but I already had all the performance bits -- carbs, cams and exhaust.
The "while you're in there" bits add up fast: your fuel tank is probably dirty and corroded, so it should be relined. Ceramic coating the exhaust really helps keep engine bay temps down. A gear reduction starter works far better than stock. You may want to upgrade the braking system. Struts are hard to come by for these cars, Monte Hospital wants $800+ per set (though X1/9 units will work in a pinch). Adjustable coil-overs are even more. Motor mounts and cooling system hoses are Monte Hospital exclusive and pricey. It can be a slippery slope.
The Monte Hospital is in the U.K. (add extra shipping costs), and even they don't have everything.
https://dev.montehospital.com/