60-70mph is absolutely hauling ass on a minibike. No offense, but I personally don't think you've ever been 60-70mph on a dirtbike or motorcycle. It's WAY different than doing 70mph in a car.
If you want to go fast, you might as well and pay up for a dirtbike or something. A mini that would do 70mph fast is going to probably cost you more after you get done upgrading the drivetrain, suspension & brakes. If you're going to turn really high RPM's, you're going to have to get a pretty beefy TAV (or a racing clutch) which is going to cost some serious moolah on it's own.
And then you're going to have to get speed-rated tires, stronger rims, better wheel bearings, better forks, disc brakes (forget about a scrub brake stopping you at those speeds), etc. Not to mention, you're probably going to have to weld in frame braces.
Even then, if you want it to launch like a top fuel dragster, you're going to need to either weld up a long swingarm to keep the bike from climbing up on you, or extend the frame.
And then get ready to spend cash on the safety gear associated with that. 70mph + bare skin + pavement = potentially dead.
Going really fast isn't cheap. And if you do it on the cheap, it's not going to be safe.