Found a pair of JBL L112 speakers at the curb last Monday! The only reason they were thrown out (assuming) was that the woofers needed re-foaming. Apparently the owners were not familiar with that possibility. I've got them dropped off for that service now. Anyway, the cabinets are in good shape except for the top of one. The picture shows what it looks like after rubbing with a rag with mineral spirits on it and photographing while damp. I don't think it will "just buff out"!!!! I think sanding is in order. After reading a bunch of threads here and elsewhere, I was going to do the "wet rag and iron" method to try to reduce the low spots. Then I was going to use 220 and then 400 grit sandpaper followed by some type of refinishing oil. Not worried about the last step or product first. Was wondering if that procedure sounds okay and how much veneer I have to work with in terms of sanding.