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I found an old Terminator miniature.  It's one piece, with huge shoulder pads which go up over the head, and a bolter with three magazines coming out of different sides of it.  It's an original GW figure that I've had since 2nd edition days, but I think it was kinda old then, too.  Does anyone have an idea how desired this figure is, or how much it might fetch?

there are a few old termies, some of which are actually still availible from mail order in the classic range - usually £5ish. though to know whether this one is one of those still availible its worth posting a picture so we can see
thanks

If it's the guy at the bottom of this page http://www.solegends.com/citcat89/c894106marines.htm and you've got his back banner then properly listed on ebay he might get £15 or more. Ebay prices are difficult to forecast though. It is a reasonably rare and in demand mini.

It is the one on that page.  In the box near the bottom of the page titled "Terminator Marines", it's the top right hand one.  Unfortunately, I don't think I have the back banner anymore.  It's primed Dark Angels green but otherwise in good condition.  15 pounds works out to be about $30USD, correct?

Roughly, but that's the price for one with the backbanner. You might get £5-10 (about $15) on average for one in that kind of condition.