Timed quests within a quest....dear me...the clock on the timed part of the quest line better not start until you actually reach it. Otherwise, that doesn't seem fair at all.
first step, visit old Thomas's house.
240 coins and 2 xp reward
next step forge 40 ingots at the forge, 30 mins and 5000 coins
40 ingots in one shot?
Pink Alicorn costs 250 gems