G'Day Rob, they're easy to helicoil, just take your mirror to a tool shop and ask for a kit for that thread. (from memory, most mirrors are 10 x 1.5mm, but don't quote me) The kit includes a threading tap, some inserts, and an inserting tool, and sometimes, a drill bit.
All you do is drill out the remains of the buggared thread, re-tap the thread (you'll need either a tap handle, or a shifting spanner will suffice if used carefully) then use the insertion tool with a little thread locking adhesive like "Loctite" to insert the new helicoil in place.
The whole job takes about 30 minutes, and the cost is probably around the $50.00 mark to do it yourself (and keep the kit for any more sohc-4 emergencies) or probably about the same to get a bike shop to do it. Cheers, Terry.