It can be done, but it will definitely cost you:
11.5+:1 CR pistons = $700 minimum (get revised ring lands)
Headers = $350-$650 (used vs. new)
Optimized exhaust = $400+
Rod Bearings = $40
Rod Bolts = $15
Rebuild Gaskets, Seals & Fluids = $400-$500
Optimized Dyno Tune (DO NOT go mail order, dyno needed here) = $600-$1,000
Don't forget a Torsen or Quaife + install = $1,200 minimum