Classic Recreations is in the business of building Mustangs that look like the cars of yesteryear, but with modern underpinnings.

The company, based in Oklahoma, has now taken the wraps off its latest project, a 1966 Shelby Mustang GT350CR replica.

Starting with an original 1965 or 1966 Mustang Fastback as the donor, Classic Recreations modifies the hell out of the thing, installing numerous modern day performance parts including a 545 horsepower 7.0-liter V-8.

The replicas, which will set you back at least $119,000, are also included in the Shelby American Worldwide Registry.

Note, this $119,000 sticker is only the starting price as there's a list of modifications that can easily inflate that figure. Things like an aluminum block and supercharger for the engine will help lift output to 645 horsepower but will also the price north by about $9,500--and this is just the tip of the iceberg when it comes to options.   

What you do get is a Tremec manual transmission, Shelby racing seats,  GT350CR floor mats, and a wood and aluminum steering wheel. You also get a set of 17-inch aluminum wheels, a Magnaflow exhaust and Shelby brakes.

Of course, if you prefer a replica of the 1967 Shelby Mustang GT500CR, you can have that too.