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So this is my bicycle
(sopuli.xyz)
A place to share our love of all things with two wheels and pedals. This is an inclusive, non-judgemental community. All types of cyclists are accepted here; whether you're a commuter, a roadie, a MTB enthusiast, a fixie freak, a crusty xbiking hoarder, in the middle of an epic across-the-world bicycle tour, or any other type of cyclist!
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Quite frankly, I don't think it's worth upgrading this bike. If you want to do it right, it'll cost the same or even more than a new bike.
I have a 1998 Kona Cinder Cone. It sat in a shed for 7 years and rust destroyed many of the components. I priced replacement parts to get it ready to ride again and I also found a used 2016 Boardman FS Pro on ebay. The used Boardman cost less than the parts for the Kona, and the Boardman was full suspension with excellent parts. I bought the Boardman. It's been loads of fun.
I guess what I'm saying is ... I agree with you :))
Yes, doing the maths it's what I suspected