1955 3100...Is it worth it?

[Piomarine]

While out on a solo dove hunt last month at my wife's families farm, i stumbled into the scrap pile. Included in this pile of scrap was, to my surprise a 1955 Chevy 3100. it's been sitting out there for the better part of about 10 years and been hit by a couple pretty big hail storms, but the engine turns, and the carb has been kept in the garage ever since. The interior was stripped out of it about 5 years ago. It has A LOT of rust but as far as I can tell it doesn't seem to have eaten much metal. I have already talked to the owner and he is willing to part with it, but my question to the board is simply this...based on the couple pictures I've included, is this truck even worth the effort