Re-build project - maybe?

Just been fettling and dug my old frame out of the garage.

It's an early 1990's Raleigh M-Trax with Reynolds K2 tubing. It was my first proper mountain bike after a Falcon from Halfrauds.
I'm in 2 minds what to do with it, lob it in the tip or make it into a single speed or something intersting. If I do build it back up, I think I'll do it on the cheap with ebay bargains. The only trouble is, it's got no disc mounts. What do you reckon, am I wasting my time?
I nicked the wheels of the wifes bike, just so I could get a feel for the geometry of the bike. It's so much different to my 5.
It's an early 1990's Raleigh M-Trax with Reynolds K2 tubing. It was my first proper mountain bike after a Falcon from Halfrauds.
I'm in 2 minds what to do with it, lob it in the tip or make it into a single speed or something intersting. If I do build it back up, I think I'll do it on the cheap with ebay bargains. The only trouble is, it's got no disc mounts. What do you reckon, am I wasting my time?
I nicked the wheels of the wifes bike, just so I could get a feel for the geometry of the bike. It's so much different to my 5.
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Oh, that is begging for a bright paintjob and a good old rigid singlespeed conversion. Perhaps even spice it up with HS33 hydro brakes!
The Shaker
Never thought of hydro rim brakes..........goes off to search ebay!
Orange Blood - Orange 5SE - Marin Rocky Ridge
I got mine for my rigid HT commuter on Ebay for £60, an absolute bargain
The Shaker
Parktools :?:SheldonBrown
I've bought a new bike....ouch - result
Can I buy a new bike?...No - no result
Carbon 456
456 lefty
Pompino
White Inbred