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It's C O L D here in SW Germany. My bike is in an underground parking garage. It's not heated but it's warmer than being parked outside in the open.I don't run it inside the garage for obvious reasons. I didn't know if the mayo would from just because. Because it is humid and cold.
It shouldn't form 'just because'. You would have to run the bike.
I found riding at highway speeds (70 to 80 mph) in below freezing conditions would cause it to form in the valve covers, and I don't know where else it may have been. I believe it's from the engine not getting hot enough, cold air blast and big oil cooler with no thermostat. When commuting, 20 mile high speed morning run, in the cold winter months would see it form and even a warm days 100 mile ride it would not go away. Testing the valve cover for heat seemed a good barometer. Never saw it happen except in winter. Being the anal worry-art that I am, it always bothered me. My 1200 Sport was the worst for getting it. I fashioned a snap on cover for the oil cooler on my Stelvio and "almost" never saw it again (only using it when the temp was well below freezing). There has been lots of discussion on the overcooling of the CARC bikes. My GS, using same basic synthetic oil, never does it but it has a thermostat cut off in the oil cooler.
Pardon me for not knowing, but how cold is winter in NZ, Muzz?
Nearly every engine, every oil will develop that substance you are calling mayo in the valve cover or PCV system, crank case etc if you dont run it hot enough to evaporate the moisture that builds up in the system when running in cold/damp weather. You'll also rust out your muffler, pipes etc. Word to the wise.... If you cant run/ride long enough to get the engine/oil fully hot and burn off the condensation, you are better off NOT running the motor at all. Is worse/tougher on air cooled motors.IMO, pulling your valve covers to check is a waste of time........