Could this be the end???

Hey everyone, i got some bad news about my car. It started with a weird irregular noise on sharp right turns. I promptly took it to my mechanic, i believe some of you know him, Peter from Silverstar motors in vienna, and he discovered this bad rip in the Upper Spring Mount, I took a couple of pics as best as i could.

http://link.freepichosting.com/image.cgi/27193/0.jpg
http://link.freepichosting.com/image.cgi/27193/1.jpg

I took it to American Service Center to get a price quote for the job and they told me $5, I took it to this dealer because i was warned that if i took it anywhere else they would most likely do a poor job. ie. not do a weld from both sides. Im afraid it wouldn't last long if this isn't repaired soon. I dont know what to do guys, maybe you can offer me some advice on this problem.

Mladen