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I bought it guys.
Stripped it down, cleaned everything and serviced the BB and headset bearings.
Put on a new set of tires/tubes and a stem adapter. Saddle and Bars are just parts that i had laying around.
The problem is that the 42t cues crankset i ordered is a tad to large. The chainring scrapes the chainstay just by a milimeter.
Will a 40t fit? It should have 8 milimeters less diameter. Also the chainline seems to work out with it. Im gonna use a 8 speed chain and leave the 7 speed casette how it is.