I've been looking for a mixte frame to build up as a commuter bike for my fiance. Today as I was talking a stroll through my neighborhood I spotted this sitting, rotting away in my neibors back yard:

I can't really get close enough to see what it is because it's in a locked gaited area. I'm sure I could get it for free or for $20.
Worth it? I assume it's been sitting outside for year, but I did want a project...