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True, initially I was suspicious, too. But given the fact that the bb shell and the tt look like max, I don't think it is a cheapo diy job. If it had normal tubes, it could have been a re-welded diy gas pipe beater. If the price stays low, it might be worth to take a punt.
@mcamb no idea tbh but I guess there's ways to blast it without taking off too much material: low pressure, plastic- or dry ice blasting etc
p.s. I'd be more worried about the rust on the top tube, thin tubing doesn't take kindly to rust.
I saw this, what do you think the gusset / webbing bits are made of?
Do you reckon they'd take kindly to being shot blast or chemically stripped?