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That magnet always seems to collect something even during normal operation, mostly black metal sludge and occasionally a few very small shavings that are big enough to make fuzz. Anything more than that might be a bad indication. If it is being caused by the valvetrain, it should be obvious once the cam housing comes off.
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1987 silver 924S made it to 225k mi! Sent to the big garage in the sky
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