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Looks really interesting, str8. I think it's worth a shot in tool steel. I've been thinking about a cut-out in the middle of the blade.

Jantz here in the US sells O-1 in 1/4x1x18 for US $14.95. Google knifemaking.com. If they ship down under, you could save a ton!

Hey, it's got to be worth a try. If it works, you will be hailed as the next great thing. If it doesn't, well, I promise not to say I told you so. All you have to lose is about $4 US of steel and...

Love the pigtail! I'll be interested to see how the "cut out" in the blade works, if you make it. The area of the blade below the cutout could flex when you hone it - or not. An interesting...