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It depends on how well your television scales. In the best case scenario, the image will be tolerable...most of the time, it will still look bad.
Assuming that your Gamecube isn't one of the newer versions with the Digital A/V port removed, you could probably order one from Nintendo.
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That said, with newer Gamecubes lacking a Digital output Nintendo's online store doesn't seem to carry the component cables anymore. Your best bet would be
ebay.
Also, I just tested my gamecube on a lcd TV (with component cables) and I have to say it doesn't look bad at all. It's not the kind of picture quality like the xbox360 or ps3 but it's a hell of a lot better than using the standard composite setup. But Megalith is right, depending on how your TV scales the display it could make it look even worse. Luckily for me the TV has manual aspect ratio settings =D
Jam it back in, in the dark.