Managed to dodge some showers to get a better pic, taken from inside the cabin...
The silver metal, arrowed in blue, is the car's shell, and this looks in mostly good condition, though it needs the sound deadening cut away a bit to inspect at the bottom.
There appears to be black sponge (top red arrow) sandwiched between bodyshell and the black rusty plate, and its sodden. Half an hour with a hairdryer has done nothing to dry it. Not sure if the red arrow at bottom is the same sponge or a bead of sealant or something. Feels harder.
So I need to knock out the black plate metal to get back to good metal, which I think I'm going to struggle on the left and the bottom, as I'm going to run out of room. I also suspect the sponge/seal is going to act like an insulator, making non gas welding difficult.
I think this one might be beyond my limited welding capabilities.