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I think its beyond hope.
I thew some remaining paint stripper on the engine to see if it will clean up ok...
Results look promising.
however the back sprocket is cracked. So any intentions of putting time and finances into this particular bike is pretty much dusted.
However the sum of its parts is still justified.
The rims should clean up ok and there are a number of legitimate spares for the main bike now.
The current rolling assembly will be rolled under the house for storage.
In case another better spares/parts bike perhaps becomes available.
I should be able to hobble together 2 runners with spares out of 3 bikes but I think I will be drawing a line after that.
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