I'm not an AG pool expert, and no one who is, is posting on the PoolForum currently.
That said, through-and-through rust is a structural failure.
I'd never say, "It will fail as before this fall!"; I've been wrong too often with similar predictions. Rather, I'll say, "It COULD fail (blow out) at any time." The nature of AG wall structure is such that the only really effective repair will have to be done to the INSIDE of the wall. A thin panel of SS or galvanized steel, pop riveted to the existing wall could work. The problem is, many AG pools have a 'track' that the bottom edge of the panel rests in. This track structurally secures the bottom of the panel. If IT is damaged, you have a hard to fix problem.
The prudent move might be to consider, "How much damage will be done, if the wall blows out there, leaking the entire pool through a 10" diameter hole?. If the damage to the ground, surrounding area, track and post is not going to be a serious problem . . . then postpone repairs till the fall. Otherwise, you'd better go after it immediately.
A first step would be to dig down -- NOT where the damage is -- to determine what sort of track is at the base of the pool. A second step would be to contact the maker, and see if you can purchase the appropriate sections of track and a repair panel.
Or, you can call a local AG pool guy . . . if you can find a good one.
Good luck!
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