Over 15 years ago, I bought a Comet in that condition- except that it was stored in a leaky shed that doubled as a chicken coop. It took me 3 steam cleans to get all the sh*t and feathers off - and some more cleaning work after that. I then removed a couple of covers and found it pristine inside. So I purged all fluids, changed perished rubber items, renewed some cables, swapped the mag for a restored one - and attended to a few other items I have long since forgotten; then pressed it in to service as my year-round commuting/shopping bike. The only problem was it smoked when leaving the traffic lights - so I ignored it (the smoke that is, not the light). It is still in use to this day and has NEVER let me down - and it still smokes, it leaks, its rusty, its dented, its devoid of paint in many places and I love it to bits.
Restore it or cannibalise it? Why? Besides, it's still capable of carrying
4 people
Start at $8 - you might get a bargain. Consider buying both of them; the pain of the hole in the bank account will soon diminish...
Peter B
Bristol, UK.