It could be hose...remove the engine cover behind the seat. Start the engine and let it run and watch and see if the water pumps is leaking. Removing this cover gives you a look at water hoses that connect to the engine too.
Old Hippie Young Heart
2000 S/3.2 Liter/Tiptronic/Boxster S Sport Package/Cruise Control/Slate Grey Metallic
Red Special Leather Interior/Red Floor Mats/Red Hand Painted Instrument Dials/Roll Bar/Windstop
Small Carbon Package/Leather Wrap Carbon Wheel/Center Console Exterior Color/Alum Carbon Shift Knob
AM/FM Radio w/CD Player & Changer/Digital Sound Package/18" Turbo Wheels/Wheel Caps w/Colored Crest