Posted: March 13th, 2008 - 2:51pm by Doug Powell

Stephen Atkinson, an Australian beachcomber, is hoping to strike it rich with a lump of sperm whale vomit he found near Melbourne on the south coast.

More properly called ambergris, it is apparently rare and highly valued by perfume makers. The 7-kilogram lump could fetch more than 100,000 Australian dollars.

The ambergris, which is lighter than water, might have bobbed in the Southern Ocean for more than a decade after being coughed out.

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