I've just notice the exhaust can is blowing near the front, at the bottom. I've only had the bike a month, so can't be sure if it's always done it, or if it's only just started.
On close inspection, there are 2 small (1mm) holes, one on the front end, and one underneath. Their location suggest that they might be intentional holes, (possibly for drainage?) but I'm not sure as I have no experience in this area.
Should the holes be there? If not, what material is the original end can? Can it be repaired, or does it need replacing?