Anyone with any sense
Will pitch up asking 50 times the going rate
I've been telling people for the last 15-20 years that if they really want to make money, learn COBOL and take the time to understand ancient systems - it's still around, all the old hands are dying off and nobody understands the installations well enough to port to new software(*), so managers are afraid to touch it
However it's not just a matter of understanding the language, when you work with ancient code you usually also need to try and understand the mindset and culture of the prople writing it, for the simple reason that it will help you decode what they wrote.
(*) Look at all the clusterfucks(**) resulting from inadequately thought out attempts...
(**) Including NJ's previous attempts(***) (thanks to other posters for the pointer)
(***) Ah, Mr Bond, I see you have returned, having discovered there are no other vendors who can assist you. No problem - but the cost will be $$$THISMUCH (5 times previous figure), we write the spec thorough;y based on what you learned last time, then we get 100% control of the project, no thirdparty buttinskis allowed or there will be penalty clauses invoked.
But you're desperate? Oh dear, the cost just doubled.