Not worth much IMHO. Frame is identical to Peugeot I had that was in much better shape, and I didn't think it was worth the time to overhaul it. The Peugeot chain guard was more elaborate but both guards appear to be made by the same outfit.
The Peugeot had 28 hole 406 alloy rims so I kept the wheels and gave the rest away. 406 28s are a great find as SA S5s and FWs are much easer to find in 28h than 36h.