This Peugeot belonged to my friend's late father and has been rotting away in his mother's garage for a while now. There's a sticker that says "Cadre Allege" on it but I don't know if that's the model. There was also some numbers etched into the drop out (2143321) but I'm not sure if those are original. Any idea on the year and model of it?
It measures ~25" from the middle of the crank to the top of the seat tube and has a standover of ~34". I know he'd love to see it fixed up but I'm wondering if it's even possible or if the bike is too far gone. As you'll see from the pictures, there are spots of rust all over it. I figure all the components would obviously need to be replaced but I'm wondering if anything could be done to salvage the frame.
Any ideas or advice would be appreciated.