Joined: Aug 2009
Posts: 7,721
Likes: 4,151
From: Berkeley, CA
Bikes: 72 Cilo Pacer, 72 Gitane GT, 72 Peugeot PX10, 73 Speedwell Ti,l, 75 Peugeot PR-10L, 80 Colnago Super, 81 Zinn, 85 ALAN Cross, 85 De Rosa Pro, 86 Look 753, 86 Look KG86, 89 Parkpre Team, 90 Parkpre Team MTB, 90 Merlin
I'd check the fork (looks bent from here) and then give it a "sympathetic restoration" by cleaning, polishing, and removing all rust. It's clearly a labor of love, but still not worth a full restoration IMHO. Is it too small for you to ride? In any case, have fun with it!