Originally Posted by
Danzaxbonanza
IT looks you'll need a single speed conversion kit for your freehub, as well as a freehub tool and chainwhip.
Nope. That is a freewheel hub, not cassette.
OP, I'd suggest visiting the sheldonbrown.com site. There is an entire section on converting an old bike to singlespeed or fixed gear on the cheap. Sheldon also deals with pretty well any question you might have and does so in an easy to understand, definitive manner.