I made a small batch of this, with I think a very similar recipe a few years ago. I use it as a final finish after the tung oil on all my projects, and also works great to coat screws b/f using them. I think it has a nice scent, sort of beeswax and the sweet tang of turps but my wife disagrees…maybe I’ve spent too much time sniffing it!
You can also play with the turps/beeswax ratio if you want a softer wax.
Rob, Sault Ste. Marie, Ontario