I can attest to it's rust preventive properties.
I tried several things on my cast iron table saw. Still it would build up surface rust. Since wiping it with Inox, it has remained rust free. I didnt do my milling machine bed and it is a mess with rust.
Works better than anything I have found at keeping rust from forming on iron tools.
Has a lovely scent too. Anyone use it for cologne and willing to share the "results" ???