Does fatwood really work when wet?

Let's find out...

So I've always heard fatwood will work even when wet.  I've been a fan of fatwood since I first used it but always wondered if it would work when wet, and how wet.  So I decided to see for myself.  I took a couple pieces of fatwood and let them soak completely submerged for 19 hours.  I thought I would have to put something over the pieces so they wouldn't float.  But it turns out fatwood is dense enough that it sinks to the bottom

I took out the two pieces and as you can see they are plenty soaked

Well to see real quick if it's even possible to catch flame I used a lighter on the smaller piece and sure enough, after just a few seconds of holding it to flame it caught fire

 
Now for the harder test, Ferro rod.  I cut up some shavings

 
Well after seriously no more than a minute of trying it caught flame

I was seriously impressed.  I didn't think it would still work this good.  I didn't dry the pieces off with anything either.  Just lit the first one and starting carving curls and shavings off the bigger piece.  I was always curious if it would work as I do enjoy my canoe trips and often wondered if just keeping a piece or two of fatwood on me would be enough to start a fire if I tipped and the fatwood got wet. 

Well this has certainly proven itself to me.  I think I'll attach a piece permanently to my ferro rod cord so I'll always have both on my persons while canoeing.  And a good knife of course. 

Thanks for looking