Hi Pedlad,
I just went through a similar process for my Soul (26). If it helps, I went for 11 speed, mainly XT and it came to £172 for the whole setup (I am using my old 10 speed M785 XT cranks).
Blackspire Snaggletooth 34T Oval £26.99
XT M8000 GS Mech. £59.99
XT M8000 shifter £32.99
SRAM NX PC-1110 11 Speed Powerchain £9.90
Sunrace CSMX8 11-46 £42.30 (I got this from Wiggle in the end with a £10 discount for opening a new account).
I might be being optimistic with the 34t – we’ll see – but I’m happy to experiment a bit with that – fairly cheap to go down a chain ring if I spend too much time on the 42\46.
For me 12 speed was a bit pointless without investing in an SRAM hub to get the 10t benefit – not worth it on this bike and 50t seemed overkill anyway – if I need it, then I’ll be on it all the time – so I might as well drop a chain ring – then I don’t need the 50t!
The Sunrace cassette gives about as evenly spaced ratios as you could hope for an 11 speed (and the 46t in black doesn’t look too weird on the 26″ wheel!). First impressions are that the 11 speed shifter has a heavier action than the old 10 speed – but it is OK for me. The cassette is really nice – the shifting very smooth between sprockets and it isn’t as heavy as I had feared.
I just need to ride it up some hills now!