What are the odds on repairing this one?

[JiminRussia]

I saw this on Ebay http://cgi.ebay.com/ws....MEWA:IT (http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=3751285371&ssPageName=STRK:MEWA:IT) and was wondering if it was worth the effort to restore this old mandolin. It appears to have a seam separation on both the top and back. What are the odds of rehumidifying and then regluing this one? I asue that it would need a cleating of somesort, maybe a cloth/glue tape ala old Martin guitar factory repairs? I am completely in the dark about this model. I haven't heard of it before, but it appears to be pretty close to the Army/Navy model. Could this be a precursor to it? The 1909 date that the seller is talking about is more probably a patent date (pickguard?). What do you guys think?

[8ch(pl)]

The Alrite model was only made in 1917. After the US went to war it became the "Army and Navy" model and was made for a few years. Notice that this one has really nice binding on the top. The Army and Navy was plainer and a lot more of them were made than were the Alrite, so his one is worth quite a bit more I believe.

I think it would be worth repairing, but I can't give a value on either it or an Army and navy model. I believe the Army and Navy was Model AY, but I may be wrong. They are rated very well for sound, so this one should be as well.