Great find! This reminds me of my ItalVega. I spent a good amount of time bringing it back . I was lucky in that my entire frame was chromed under the paint so when I got the rust off, the chrome poking through gave a nice look. I get a lot of compliments when I ride it , it seems a patina look is desirable to some folks. To see my journey check my blog joesvintageroadbikes.wordpress. See Rusty Resurrection, there are a few posts on there about the acquisition , restoration, and of course , riding the bike.