Well the black thing that you see is the TCI ignition box. The little rotor I the end of the cam spins, nod each time one of the ends I the rotor go Over a designated section of the unit, it creates a spark. There for you can rotate it to advance or retard your ignition.
I got new valves for my bike and got it running. Now it's making some small
Knocking sound but could just be valves or something else. Ill post a video some time. Thanks for all of your help everyone. Really appreciate it!