A couple of thoughts:
1) Al is likely from clutch. Al is typically higher in motorcycle oil due to the clutch and is a common finding:
http://www.bobistheo...&Number=1492903
2) Mg is a known oil additive and is likely why the Mg is so high. Sending in a virgin oil sample for testing would confirm this.
3) Fe at 19 could be high, but you need more data points - more samples to track the level over time.
4) Water may have been present due to sampling technique. If the engine did not reach operating temp for a few minutes before the sample was taken, there still may have been some water in the oil. Again, more data points are needed to see if that's the case.
5) Viscosity is definitely low. This oil sheared to mid-30W in just ~800 miles! Fuel at 2.4% could be slightly contributing this, but 2.4% is not unheard of in carb. motorcycles. Typically ~2% or less is acceptable. However, as per 4, this could also be due to sampling technique, if bike idled excessively before sample was taken and/or it was not warmed up fully.
6) A lot of the experts on this board push the Silkolene 15W50 as "the oil" to use.
However, this viscosity drop and the additive package (Ca, Zn, P, Mol, etc.) show the Silkolene is nothing special and is in fact extremely over-priced for what you get. I have had multiple samples tested in my DRZ400E with both Rotella 15W40 and Delvac 1300 15W40 (~$11/gal) changed out at 1000 miles. Both have performed better than the Silkolene in terms of viscosity drop. And both also show low/acceptable wear numbers.