I am probably going to build it up but I am not sure which direction to go with it. I have been debating painting it or clear coating it to show the bare metal. I am facing a layoff and may not be in a position to fund building it up so I have also thought about passing it on to someone else.

I have thought about going with a Shimano 600/Tri-color group or a Deore mountain group with some cyclocross wheels / tires.

It is isn't super light but it isn't super heavy either. I see the potential for a fairly decent bike that could go in a few different directions.