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It's a long magnet. Good for tapering tangs, grinding flats (for fixing hosed up plunges at the spine of you are me too) .
I've even begun using it for grinding plunges and bevels for thin (.070) stock for paring knives and things like that to minimize flex.
Yes, I use a grinding magnet. I have several from small ones with a "D" shaped handle to long ones with a wooden backing. A simple $5-10 HF welding magnet will work well, too.
Working on the flat platen, I hold the blade with the magnet and rough in the distal taper across the blade ( spine to edge). Then I turn it tang up ( or down) and grind the whole taper flat along the long axis of the knife. If tapering the tang, I do the same thing. Repeat on the other side. It is best in the beginning to do some on each side and sneak up on the proper taper. I usually use a 36 grit belt for this type work.
On blades with a dropped edge that is below the tang, I often do the bevels at the same time as the distal by just turning the blade a bit toward the edge.
OK, everything is ready to mail out. Blade is profiled and a simple starter bevel cut. Handle is pre-fit and the front is sanded and buffed. Drilled for copper Corby bolts. Wood is Ringed Gidgee...which should look really stunning on a knife like this. It doesn't show much of its depth and rings now, but will look much different when sanded and buffed. I added enough sandpaper to make several knives, and a couple files. After Vin gets the bevels done, I will HT the blade and try for a nice hamon.
In the photos are two shots of a project I want to finish for Ashokan. I forged this large Medieval dagger last year during the open forge/demo on Saturday night. It is forged from a single 3/4" square bar of 1070. There are no welds, just cuts and flips. It has been through HT to Rc 55, and only needs clean up and some pretty clothes. Handle is a wooden core with water buffalo wrap. Pommel will be WI. The toaster oven gives an idea of the size of this beast. It has a diamond shape ( cross-section) front end that would pierce armor easily.