Earlier this week I acquired a scrapyard cromoly-framed Raleigh Pioneer. Having recently suffered a frame failure on my aluminium tourer, I have a complete set of parts for a touring bike, just needing a sound frame of the right size and shape to be transferred to.
I could of course buy a new Spa or Ridgeback, ready to get its first scratch and relieving me of the best part of £1000. Anyway, the Pioneer seems sound enough, and with a little bodging I was able to make everything fit and work. I've spent a total of £12 on a threadless stem adapter and a couple of cables, and another tenner on a bottom bracket tool which I really should've had anyway.
I've just road tested it minus a rear brake. The only thing outstanding is a cable hanger for the rear cantilever, which a LBS can get for me in about a week. That's a heck of a long time to wait for its maiden century, but at the moment there's no obvious alternative.
It will be interesting how satisfactory a result I get. Before and after photos will follow in a suitable thread on completion of the above.