Great find and that would be a great foundation for a gravel conversion of just a fun mountain bike. That's my favourite Peugeot decal scheme/design but then I might be biased. Peugeot sure had a variety of different bikes, with different design schemes varying by region.
My 1999 Peugeot Dune, in it's original state. I've since added a riser stem and a rear rack.
