Fairbanks Morse jet pump...is it smart to rebuild it?

Timbuktu

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PalmSprings SCal
1/2 hp Franklinmorse jet

This jet has been lying out in the desert since 1995.
Is it worth the effort to look into a rebuild? Even a diy project?
My suspicion is no.
Since the discharge port is open to the elements,it could easily have rust issues inside,even if it only rains here once or twice a year.
Approx How much in parts if i do the labor? That assuming i could even do it. presses and special tools required?..... If so,forget it. ill buy new or professional rebuild?
opinions?
 
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