Kitschy table stand with mirror - junk or treasure?

The shelves are thin layers of formica covering boards. No marks, labels. Wear and tear, and stains on the top surface that don't seem removable. Oh - and the mirror can tilt forward and back a little.

Otherwise, the pictures can do the talking better than I.

I know nothing about furniture, so maybe my friend is right? I'd love to hear any and all comments.

Thank you!