Thanks Guys,
Stripped the bike, again, and checked all the above.
There were a couple of things wrong, like the fuel filter was on the wrong way, nothing serious though. Put it back together with some new fuel and a new plug and it now runs fine.
I notice the choke open tag on the carby is pointing the wrong way too... :?
Now I just need some road wheels to convert it into a super motard and I'll be at the butterfly farm on it...

oh, and I'll need to loose a few kilos too... :oops: