Abandoned Miata Mixte

[7rider]

oh, fun, a bike rescue! I hope it turns into a winner.

+1 from me.
Not much more to add....looks like a neat bike, and what DebW said sounds reasonable to me.
I can hear DivingBiker from here, lamenting that SHE didn't find a kewl red mixte to have as a winter project!
Good luck with it.

Oh...meant to ask...what is that on the left seat stay??
p.s. one other edit...if in doubt...bring the frame to your LBS and have them check it out.
pps...okay, another edit....on your picasa site, you can see the chew marks on the paint inside the stays where the derailleur did its damage when it got sucked up and wrecked. I hope that didn't cause a problem...