So, I have a solid road bike...my Lamond is capable of more than I am right now for sure! But for those shorty, round-the-towner type rides, I sure could use something a bit more awesome...something that won't require me to change my shoes if I want to ride. I think fixed gear (maybe ss) would be the way to go...so...

I have this old schwinn road bike....about 30 years old, no idea on the model, steel frame...was running more-or-less functionally about a year ago. It's spent a lot of time not moving, leaned up in back of a house, lots of rain...

I know the thing is covered in rust...and most parts would probably just need to be replaced (or gotten rid of in the roadie -> fixie conversion)....but is it worth it to try? How much am I going to have to spend to get the cheapest possible conversion to a rideable fixie? Is it worth the value of the pile of rust I've got sitting there?