I decided to go ahead and do the re-grind first, since that was the part i was most nervous about messing up. This knife was badly in need of a re-grind. It's a small 3 9/16" knife, but has .139" blade stock! On top of that, it's a low saber grind and was left insanely thick behind the edge. In these pics you can see how wide the edge bevel was once i put a 30 degree edge on. This thing was a splitting wedge, and not really useful as a pocket knife. The blade was way over-polished too, blending the grind and swedges into a melted blob. It also had way too many S&M logos all over the damn thing. Besides that though, it's a well made knife. ATS-34 steel and nice fit and finish. I thought the unique blade was cool, and i got it cheap, so i figured it would make a good project. Here's how it started out:
And here's the reground blade. It's not perfect, but i'm very happy with it considering it's only my second time doing this. First one was a broad, ffg leaf shaped spyderco that was much easier by comparison. This one nearly got away from me a few times, but i think it finished up pretty nice. There was so much material to remove, i think it was basically like starting a new blade. Took me 4 hours, most of that with 40g belts. I'm using a 2x42 Jet belt/disc sander which i know is not ideal, but it is a fairly nice and powerful machine. I took it down to damn near zero, and FFG. That should help it slice a little better, even though it's still crazy thick stock. Finished at 220g, I dragged it over some fine scotch brite after the pics and it looks really nice, thats how i'll leave it.
Then i took it apart. I did drill out the pivot pin and it worked really well. I ground one side of all the other pins off and punched them out. I couldn't get the last pin out for the life of me, so i did use the utility blade trick, and it worked like a charm!
Next step is to order up new pins, remove the end cap bolster, and get on with making new covers. I decided to make my own Denim 'micarta' out of a worn out pair of Levi's that i've been wearing to work for years. Cut some strips, buttered up both sides of each layer with West epoxy until they were saturated, and clamped them between two pieces of thick marine plywood covered in plastic. I alternated light and dark sides of the denim in the stack, so hopefully that will look cool when they get contoured.
Thats as far as i got today, I'll update with more pics as it comes back together. Thanks for the advise, i'm sure i'll have many more questions in the future.