1966 273 Question

I have a 1966 273 out of a Plymouth Barracuda. It sat for 30 years with condensation buildup in the engine and the inside is totally rusted. Is this engine rebuildable? Or is it just scrap at this point? Thanks for the help. Click link for picture.
Lisa


http://vetteklisa.com/gallery2/main.php?g2_itemId=122

YIKES!!!! Get rid of it!