Ideally, they would have started already. Their Kickstarter page says " We will need to travel to the National Archives of Canada in Ottawa and private collections throughout Ontario to capture scans from their collections, as the original art plates have long since been lost. We will need to buy and rent equipment and software in order to capture and restore the collection in high-definition, with minimal alteration to the original artwork" and "We don't currently know which issues are in the worst condition. Through exploring the collections in the National Archives and private collections, we'll get a better idea of how much work it will take to delicately and carefully capture the artwork in each issue (at least 300 separate pages in total)."
So, it sounds like they would be planning on straight scanning (or photographing), but without any touch-ups (" with minimal alteration to the original artwork").
Does that sound like a reasonable approach and timeframe to complete it?