this falls squarely in a "what if" category.
what if it had a 8.75 out back and good suspension and brakes? that moves the needle
what if you had a motor and transmission? that moves the needle
what if you had a 30yr collection of various a body detritus holding down your shop floor? that *really* moves the needle
what if you had a donor that was rusty? that's where it's at.
i still think the BIN is much high, but i certainly can see this moving at half the price for the right person with the right circumstances.