Model Train Abandoned For 30 Years | Salvage or Scrap?

This loco on Ebay:

This model train was abandoned in a damp attic for 30 years… is it possible to restore it?

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0: 00 Intro
1: 15 The Locomotive
2: 20 First Test
2: 46 Setting the Challenge
4: 02 The Restoration
18: 11 Results