Wow. Its amazing what goes on in the world that you know absolutely nothing about. For example, whale vomit or Ambergris.
It is formed when Sperm Whales become irritated by the beaks of squid. They then throw up this stuff that is worth......$10US / gram (but much higher for better quality).
Anyway, as many will know a 44 gallon sized drum (estimate 500kg's) lump of 'unidentified gunk' has floated ashore down by Wellington. Who cares if it is or is not the stuff (ie it is all conjecture at the moment). It is interesting to do the calculation of the value of this stuff for a substance I have never even heard of. I will be sure to look harded on the beach in the future (apparantly NZ beaches are very good for its discovery)
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10533498
According to wikiperdia the stuff is worth $10US /
gram.
http://en.wikipedia.org/wiki/Ambergris
500KG's, ie 500 0000 grams @$10 / gm = $5 million US.
For the standard grade.
I hope it is this stuff (used to make perfume).
It would be classic for a lump of smelly gunk to be worth $5m. Bet the geezer who found it will be pissed. As will every local who has gone to look at it.
Amazing as well, that until this moment, I had never ever heard of the stuff. A definite 'specialty' Trivial Pursuit or the like question.