I may have posted this elsewhere... I used a rust remover gel and various brushes to get rid of much as possible. Painted the underside of the fender with silver paint (didn't want black), then applied two coats of Flex-Seal clear. It feels like a thicker rubber coating when dry, looks grey, doesn't draw attention like black would, and seals all the joints/edges. It's going to last longer than the rest of the bike, lol.