Thanks Ian, I still haven't decided what to do with the MM, but I have found a complete set of second-hand valves on ebay for about £25 so if the valve seat on the broken valve has survived I might just buy them and renew all of the valves. Obviously it will depend on me being able to lap the new valves in if the seats are ok.
This would be one way of getting the MM back on the road as cheaply as possible, but it might not be the right course of action in the long run. There are lots of little niggles that really need addressing and now, whilst the bike is apart seems to be an opportune time to do them. There will be a cost implication, but as I said in my previous post any outlay will be far less than if I were to buy a new bike to replace the wee beastie. Besides which I am really getting into the Inazuma, it is quick enough, handles well now I have it sorted and is very reliable and easy to run. No it doesn't have the 'character' of the MM or bikes like it, but maybe just for once I could be tempted by a summer of trouble-free getting to places and enjoying riding. Long-term it will have to go as it still upsets my knackered shoulder, but hey ho why not make hay whilst the sun shines!
Ian