Is my engine blow more than likely if It dies and makes grinding noises?

Is my engine blown more than likely if It dies and makes grinding noises?

Here's the story that broght tears to my eyes...crank my 98 cobra(DOHC) with 93k miles on it. I heard a vibrating noise that was VERY unusual coming from the engine . First thought is I know from exericence is that it definately wasn't an exhaust leak..those have a unique stench to them when you spring one in your car and hear the tickin noies....anyways...wasn't an exhaust problem for sure...I decide to be safe and get it to the quickest place possible to find out what was wrong. During the "6" mile ride to the dealership my car stalls our repeatedly even with having it in neutral sittling at a light Get about 3 miles from the dealership going about fifty and honestly nursing my baby so I don't damage her and then my engine dies COMPLETELY-rpms going to zero completely and the motor did not sound good. To get the car out of traffic and harms way to both myself and other drivers I cruised and tried to crank it again to see if I could at least get it to the side of the road....another grinding noise came big time and the engine was totally gone...on the plus side the car got to the side of the road....here is the question...is my engine DONE-did I throw something/break something/etc that wouldn't be a wise decision to fix given the high miles on my car. I mean the engine is definately the messed up part...I was plalnning on getting a new stang in a year or sooner and getting rid of that, so there is no emotional attachment if I had to just take a loss on this car and get a new one now....translation if my engine is blown I don't think it would be a wise cost/benefit analysis to put more money into a high mileage car that wouldn't have much resale value in a year, not to mention the money I would have already dropped into the new engine swap, etc. Back to the point(and I appologize for giving to much details..) A. is the engine blown ? B. Is the engine more than likely blown? C.Could there be a problem that would kill my engine like this, and make those grinding noises proir to stalling out at least 10 times before the engine died on me(meaning my engine could be "fine for the most part" but this was the problem that made a "potentially healthy" engine just not be able to function? AND FINALLY my last question( I appologize agin for being long)if the high mileage engine (in your prfoessional opinions) is either "A"-blown, B.more than likely blown-but needs work done from complications(couple grand) or C. chalk up the "early loss" of my stang don't invenst aymore money in it cause I know the engine is gone(if that is the case) and save that money I would have wasted on a high mileage car and put it towards a phatter stang than I wanted anyways while salvaging out every single part accessory that still has value on my car(minus ths engine unless someone wants it) especially the (real)brand new 98 rims and tires I put on less than a week ago.


Thanks for reading this its a really frustrating issue and I hope one of you has some advice for me cause I am hurting right now

Update to car situation that may help out...

just drove my car 20 yeards to a parking lot....it almost stalled the whole time...but before I even drove it 20 yards we listened and on the right side of the engine there was a HIDEOUS rattle that sounds more like a lawmower runnin out of gas....I checked my oil and it seems fine...so when I got confident enough to park it in the parking lot next to it, I was curious how bad or loud the rattle was so I revved slowly to about 4500 rpms and the engine died instatnly...didn't try and restart it....but I thought I would update you on the circumstances....PLEASE HELP!

Oh don't worry I had to drive it out of the ghetto or my Four day old cobra r's with no locks would surely have been stolen No the excess revving was because I am not responisble for this engine getting blown- My parents screwed me over on advice telling me to go to a place a lot further than where I could have gone down the street to get it fixed...their fault they pay....or I quit our company owned real estate company that would devistate their profits....I ain't dumb...that new motor will be replaced....but out of their tab....it sucks cause we are between states right now running operations so they can't officially pay for it for like 5 days till they see damage....so shame on me I guess...but new motor paid for by my rich partners: Priceless