Yes of course, I am not under an illusion that spending £1000 on repairing rust suddenly makes it worth £1000 more. 
But you are essentially saying that I only have two options... Strip it down to a bare shell and do a full restoration and re-build, or let it rot out... As far as I can see that is simply not the case?
If I let it rot then it will get to a point where I want to have it cut and repaired anyway because rot spots have turned into holes, and holes have turned into bigger holes. and it will cost me more to repair than if I do it now, and doing it now should prevent the spread of rot in those areas?
I suppose I could leave it "for now" - but I do want to get it sorted at some point... I am being quite serious when I say that I have no intention of selling this car.

But you are essentially saying that I only have two options... Strip it down to a bare shell and do a full restoration and re-build, or let it rot out... As far as I can see that is simply not the case?
If I let it rot then it will get to a point where I want to have it cut and repaired anyway because rot spots have turned into holes, and holes have turned into bigger holes. and it will cost me more to repair than if I do it now, and doing it now should prevent the spread of rot in those areas?
I suppose I could leave it "for now" - but I do want to get it sorted at some point... I am being quite serious when I say that I have no intention of selling this car.
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