P.S Jukahn1 and randyjawa . You have noticed well . The rear d/hanger has been remoned . No signs that it was broken though . The dropout is modified so a hanger plate is attached on it . I don't think that will be a problem . Many alloy bicycles use the same principle from factory made . What do you think ?
I think the frame has little value to a collector, like myself. I would not buy it nor would I spend money building it up. But that is just me. If you intend to ride the bicycle, build it and do so. It will offer a nice ride quality. If you ever hope to sell it, the next buyer will not be impressed with the damaged frame set and my guess is that it is then that you will realize the error of working with a damaged frame.
Sorry if this sounds negative, but better I speak honestly, rather than fill you with false hope.