Does this indicate a blown gasket?

BambinoFan

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Just bought my first bike (project). Had it for a month now, giving some quick look overs and I noticed the attche
 

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Thanks for the reply Buddha! Haven't done that yet, but assuming this is the case, I found some seca gaskets that should fit my maxim. I can't find the post anymore but somewhere on this site someone recommended doing other things to the head since I'd be in there anyways?
 
It could be a very slow weep. Brake clean spray it all nice and shiny again and keep an eye on it. If the compression is good then it is just an oil weep.
 
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