Singlespeed & Fixed Gear - Worth Building Up?

Saw this Araya frame on CL and immediately thought 'build up'. Assuming those chips and markings are just paint, thoughts?

http://i52.tinypic.com/28umvsg.jpg
http://i55.tinypic.com/2jfxhqf.jpg
http://i56.tinypic.com/110ll5l.jpg
http://i53.tinypic.com/2ljgqw2.jpg

those lugs look pretty cool, i smell hi ten

sure bro

those lugs look pretty cool, i smell hi ten
ah you're probably right. going to be heavy as hell huh

cottered?

Cranks, no

From the surface corrosion, it really looks like the frame is made out of hi ten....


cottered?

Nope.

That looks like a pretty low end bike.As far as Hi-Ten,there are different grades,just like cro-mo.15G electro forged schwinns are anchors.So are many low end taiwanese frames from the end of the bike boom.My hi-ten shogun frame on the other hand weighs the same as my columbus tenax le tour luxe and the moto mirage i had weighed the same as my 4130 pake.

It's a low end bike, and in rather rough shape. I'd pay maybe $25 for it. Build it up into a cheap SS if you want, but don't bother with a new wheelset to make it FG.

Throw it into the nearest body of water.

^ but remove the bar end shifters first

^ but remove the bar end shifters first

and send them to me, this is a single speed and fixed forum, and luckily I am licensed to dispose of those dangerous articles.

and send them to me, this is a single speed and fixed forum, and luckily I am licensed to dispose of those dangerous articles.

Araya really?

If I saw it at the dump, I'd probably grab it... Rummage sale for $20, probably not.