>>1363191I had a peugeot in a fair bit worse condition than yours that also had a wierd clicking noise, mine changed based on bike speed so probably something with axle or spokes. That was the bike I first completely took apart, BB and bearings and all. It was a lot of fun but the frame was too big for me so I sold it. :'( Still on the lookout for something similar in my size to replace it.
