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so the story is that this guy at my school gave me all his warhammer because he quit and along with his bits box came this odd looking mini, i was wondering if anyone could tell me what it is.

Old school marauder champion i believe.

I think Petey's got it, otherwise a Norseman, although I don't remember any Norse figure wearing much, if any, armour.

Yeah, Petey's right. It is a Chaos Marauder Champion - circa 1996-1997, something like that, I think.

Check at this site you might find it somewhere.
http://www.solegends.com/citcat88/index.htm

is it worth anything?

Not really
...Maby £1-5

damn