Current Projects chat and miscellany

This lovely old cross racer just arrived in the post. It's pretty light and the steel tubing sounds very thin. The fork is on the heavy side. There are 2 options I'm considering for this build:

1. Sympathetic cyclocross build - used for commuting
   
2. Full rando - have the canti studs moved down to accommodate 650b brakes, and have eyelets added for full metal VO mudguards.
   
   

Edit: Oh and it might be a little too big for me, in which case it'll be for sale on here for £60.