There are a few reasons why it is spooging but basicaly most 2bangers will smoke untill the engine is up to temperature and expesialy while the choke is on. You more than likely dont have a crankcase leak, if you did you would be fouling plugs every 10 minutes.. It could be the Mix you use or the pipe or muffler could be cloged. If you use a top notch oil like MOTUL you can mix at 50:1 in most new bikes.. Most oils will be pefectly fine to run at 40:1, so just lean it out a bit and see if it helps with the spooge.
Gringo