Tommasini - can it be saved from the rust monster?

http://www.ebay.com.au/itm/Campagnolo-Tommasini-prestige-Bicycle-road-bike-columbus-Gipiemme-/121563220933?pt=AU_Sport_Cycling_Frames&hash=item1c4dbb8bc5

Yes, but is it economically viable?

Not really, $800 easy in paint and prep, may be more if you go chrome work it could go $1200,
Makes more sense to pay $800-$1200 on a mint frame

^ Maybe, but it’s not nearly as much fun…

…although I think this one is too far gone.