I have joined the M42 Club because of my prospective purchase of a relatively clean '90 318is. The only problem with the car is that it has a rattling/grinding noise that the owner's mechanic says is the loose timing chain hitting the cover. He says it has actually worn through the cover and is now slowly leaking oil onto the ground and engine.
My question is this: If it is true that the timing chain has worn a small hole in the cover, how hard would it be to repair the damage?
I have access to a complete parts engine to get the covers from and I am confident in replacing anything that needs to be done. I need to decide within the next 3 hours. Please help 
Thanks,
Cody
You better get that fixed before you have a much larger problem. I would pull the cover, inspect the cam gears and make sure the teeth are not pointed. If everything looks okay, put the new cover on it, and replace the chain tentioner. I think they are pretty cheap, and you should be able to search for a good DIY on this forum to help you out on replacing it the correct way.
good luck.