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@edscoble
it does when the final cost (as I calculated) come out as about £130 for the stripping, welding, new trackend and glittery paint job.
Plus can you show me another lugged track bike that have a slight relaxed geometry and in a very small size for not a lots of money?
even if I managed to find a nice small lugged track frame for says, £120, I'd still need to get it painted (glitter as well) and that'd drive the price higher.