Strip some of the paint and see what you see. If it's plywood or agathis, probably not worth it.
for 15 bucks, hell yeah. Build off it, or sell it on ebay for $30.
Enjoi <--- Friend me
Quote by Scowmoo
Otter, you're my new god.
It depends on what kind of wood it is. Since it was only 15 bucks, I can't imagine it being top quality.
if you can find/make a neck and pickguard that fit it, then give'r!

Looks like it yes!

do you have:
vol/tone pots
output jack
toggle switch(es)
other random assorted accessories?