Thanks a lot guys!
Hammertime, yes the wrap is birch bark, if you look at pic 3 there's a tree in the background missing some bark (close to where the knot is)
Tomanyknots,
that's right
Barebo, I`d be useless on a shipwreck, can't make anything close to a bow without my bandsaw, workbench, wise, rasps, B50 etc..