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Patrick....
There was a thread awhile back on this very substance. 
The best answer I remember (I kept a hard copy of the thread) was from Dave 
Terrick in Winnipeg...or Winterpeg as he calls it.
"I have sourced dumdum in Winnipeg and have a decent supply. A box cost me 
about $10 if I recall. It is a plastiscene like material that does not 
harden, and is used under the washer of a nut/bolt/washer combo to prevent 
moisture. Any time you remove a bolt and there is a white gummy stuff, that 
is what it is. It works well."
You might check with a body shop for sourcing the stuff. It probably has a 
brand name...
Hope this helps....
Larry M
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