I talked to my friend who made it just before getting online tonight and he said pretty much everything that you've just said. Its the spanish cedar bleeding out sap. So thats great news. DOesn't smell anything like glue, still smells very much like cedar.

So it looks like we've at least isolated what it is. Now to get rid of it. I'll try some warm water later this evening and see how it goes.

thanks for the replies!