Got the collet; A tense hour with rebuild visions in my head.

Bought a magnet on extendy thing; but no joy from above.
Glued rare earth magnet to bendy copper wire and fished around underneath (above primary); eventual success.
Here is the bit that was in an otherwse
very clean sump (and I own british and russian bikes and am used to sludge).
It's sat next to a 5p piece.
It's snapped off something and is steel (i.e. magnetic).
Might be a tooth off a gear ?