The first thing I'll say is if you bring your back and side sets down to thickness with a wide belt sander (like we do) stock up on paper.
I changed the paper three times getting the sides down to .080" and in desperation threw some 36 grit on the sander. To my amazement it also started to clog. (this was bringing it down 1/8th of a turn at a time so I wasn't trying to hog a lot off in one pass)
The only way I could clean the paper was with a wire file brush. It simply laughed at he rubber sandpaper cleaner.
Don't be discouraged though, it works nicely, glues easily and is a dream to bend with the least amount of springback I've seen.
It has an unusual smell that I've been having trouble describing. Quite pungent, vanillery with overtones of some sort of sweet alcohol. I've had a few people sniff it and no one seems to be able to put their finger on what it is. At one stage I thought it smelled like beer farts after a night on Bundy. I'd be interested to see what everyone else thinks.
Native Olive is difficult to get in decent sizes due to heart shake and someof it will have worm holes. There is some discolouration around the worm holes in the sides that you can see in the following photos and when bending some of the natural wax exuded from the holes. It will sand out but this is very dense wood so it'll take some work.
I think that we'll have to accept that the worm holes are part and parcel of this wood if we want to get it in any quantity. I hope Tim jumps in here as he knows more about it than me.
This guitar is going to have a Lutz top and the top will be braced to suit a blugrass rhythm player. I have access to some really nice dreads here so I'll be able to compare.
Here are some pics of where it's at.



Bob