HERESY ALERT.....don't say you weren't warned.
I don't make my own lubes. There--I said it. I use two different lube types--an Alox/beeswax 50/50 type for handguns up to 1100 FPS and a concoction known as Carnauba Red for everything else. Both of these are mailed by Glenn and Leah Larsen www.LsStuff.com at a VERY reasonable cost.
9.3X62AL
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As much as I enjoy shooting Ben's Red, Al has just made a very good point. It is simple, just order good lube at a good price from Lar's and be done with it.
Ben