Thanks. I stripped the old bike down today, and there isn't much in terms of salvagable parts. I kept the handlebars and fork. I painted the frame a lovely blue
The bike had some old shimano components that weighed half a ton. The crank was a double. After I took everything off and just held the frame up, it was rather light. The wheels are old and rusty and weigh about as much as the frame does. I was going to check around on ebay to see what I could find. I think shimano will be the way to go. I even scrapped the brakes. I was pleasantly surprised that the frame is wide enough to support cyclocross tires. I sort of wish I took a "before" picture.
"Only the meek get pinched, the bold survive"