m8's 2001 426 very sick :(

Hi all, a M8 of mine has this 426, after a hard ride recently it started blowing black smoke on the way back. when he got it of the trailer at home he discovered it was blowing fuel out the pipe as well. We are guessing its valve trouble and most likely rings as well. We are not mechanics however and i was just wondering if any one here would know exactly what the problem is, and maybe someone could point me to a good guide on repairing this problem. He doesnt have the spare cash at the moment to take it into the shop so we are going to have a crack at repairing it our selves. :busted:

Cheers. :L

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