Here's how I do it: 50/50 tung oil and turpentine to which you add oil based stain to taste. This is a very thin mix. First wipe the mix onto the stock and leave it for 24/48 hrs in a dry place. Now,sand it with 400 grit, yes, the paper will clog up, just keep om using new pieces. When you reckon there is no point in sanding any longer switch to 600 grit. Now with a bowl of the mix and your 600 grit cut into 1 to 2 inch squares start rubbing/sanding it into the stock. Keep rubbing it on a small area until it starts to go stiff, then WIPE it off, don't polish, just wipe it.Repeat until you have done the whole stock and put it to dry again. Repeat the above using finer grits, 800 to 1000 until you run out of patience or achieve the finish you want. The amount of elbow grease polishing you apply will determine the finish, from low luster to high shine. Gleam rather than shine is my choice.