I don't know how bad your knife is, pics would help. Never the less I usually start with a WD 40 hose down, that is just get it every nock and cranny and spray away. I hope this helps.
WD 40 is very good at penetrating rust. It is thinner than most lubricants and is easy to remove. I use a can filled with mineral spirits or carburetor cleaner, but don't recommend it, as it can attack some non metal parts.
Bill
I have 6 (all metal) LM multi tools coming in. So I don't have the time to do each one individually with WD-40.. I want a solution to soak them in before I begin the fine grit sand paper process. These are gunked up airline confiscated LM's that have some rust pits.
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