It's always great to see new items like this surface. It reminds me that there's always got to be something out there laying around collecting dust just waiting to see the light of day. There are already several other films rumored to exist, or that are confirmed in existence but are tied up due to red tape.
The clip surfaced via the Randy Rhoads Society facebook page and is provided courtesy of David L. Peché.
The clip is shot in Super 8 so there is no audio, but to be honest it doesn't take away from anything when you get to find new footage. Opening up that night for the Band were UFO.