Very nice, indeed. I have a soft spot for Faema. Looks to be an early Corsa, with the flat fork crown. What is the serial number(both sides)? How's the fit? The Professional model that another forum member is still thinking about selling is very nice, with full Campagnolo Record Pantographing, and is a 55.
In a month or so I should have pictures of my very early Professional Faema Replica, complete with Eddy's face on the head tube, and a full pantographed Record gruppo. It has a flat fork crown and under the BB cabling.
I like the red tape on yours with white cables. I went the opposite on my AZ Faema, white tape and red cables. To be honest, I can't remember what the MI Faema has on it at the moment, I only had it for a day before I left for AZ.