Rick, you can get pine pitch from Jas Townsend and Son, Inc.
800-338-1665
jas-townsend.com
Mix equal parts (1lb pine pitch, 1 lb beeswax, 1 lb neatsfoot oil) in a big crock pot.
A large crockpot will hold about 2 lbs of each.
Put it on "high". Let it heat for a couple of hours, and make sure it's mixed up. It stays mixed after that.
It should be "smoking hot". Use a wire coat hanger hook, and dunk the sheath in the mix completely. It'll start fizzing. After about 5 seconds or so, remove the sheath, I catch the tip of the sheath on the edge of the crock pot, and dump any excess out. Put sheath on paper towels and get a fresh paper towel and wipe off excess.
After it cools, you can buff with loose wheel on your buffer or just a clean rag.
Wala, you are done.
caution, if there is moisture in sheath from wet forming, ugly things will happen. The sheath will shrink up and curl like the shoe on an elf. Don't ask me how I know.
Don't dip too long either.
Once dipped, you can not redip without making a mess.
Leave the mix in the crockpot and unplug it, it'll cool to a solid. Just reheat for next time.
Dan