Thread: Is this blade salvageable?

Took my wostenholm sheffield frameback to work today and had a peek under the microscope. The blade has all kind of pock marks and pitting, some of which manifest themselves in the edge.

See the picture, probably that hole in the edge is simply a pit in the metal that got ground down and now it's a gap in the edge.

With this in mind, do you think I'll be able to get this razor shave-able? I'm new at all of this, but I'm a relatively quick learner and good with my hands. I fear that I'll get past this edge with some honing only to find more problems with the next set of pits. You can see in the picture that there are all kinda of pits in the surface of the metal.

Thanks!
Geoff