Where do I start?

[m0nk3yphd]

I'm a newbie to str8s, and to restoration. I have a nice blade from Seraphim, which I messed up and am working on recovering. But that got me thinking a) I should have a cheap bay blade that I can learn to hone on, and b) this restoration thing is quite a lot of fun.
So I got this.....



Firstly anybody heard of Alwin? The ebay listing said, "alwin germany" but I can't see that.

Ok some pics. I know there is a bunch of rust, but its actually in better shape than I thought. The blade is 6/8th half hollow, at a guess, and quite sharp. There is a patch of dark pitting along the spine but as I said this is more about me getting something useable and that I can practice honing with than a mirror finish.













My current plan, minus any suggestions from you folk :-)

Aluminium foil scrub. (just started it looks significantly better already) The side with more rust has 2 or 3 "raised" rather than pitted patches. Sanding (as below) should remove these?
then follow the handsanding route; I currently have CrOx 80/320/1500/2000 I was thinking of progressing thru these but I should probably get more?
I have access to a dremel, but I have no idea how to use it and furthermore don't have a clamp.

Also should I remove the pin to clean around the joint? And what should I use to clean up those nice orange (plastic) scales.

Thanks in advance for the advice.

M0nk3y