What a coincidence.I too just bought the same exact thing as John.Pd. $1000.Was on ebay-didn`t sell bought after.The mill was 45 mins. away.Got it home ,cleaned it up and still have to get it wired.Bought a new static phase converter but now as I read some of the other threads I`m not sure that was the type to buy. My machine is R8 and have a new set of colletts and a rack on the way.I`ve cut my teeth on a smithy Ltd 1220(no laughing)for the last 5 yrs. and have made quite a few Harley type parts and was ready for something bigger.Never worked with a full size machine before so I guess you can call me green.Already have most cutters needed and vises,rotary table,etc.Can`t wait to put it to use.Didn`t mean to hi-jack John,just thought it was a good time to jump in say HI,and share my joy.Apologies to all,Terry