Does what it says on the tin.....it will hold your flush cutter on the side panel of a (ferro-)metallic printer enclosure or other magnetic surface. Requires two round magnets with 10mm in diameter and 3mm thickness. Fix them in place with some superglue.
Not only will the magnet stick to the surface - the magnets will also help hold your flush cutter in place a little. Not the prettiest implementation, but it worked well enough for my purposes.
The author remixed this model.
I remade woelpi's model (which is great, I also use it on my Skadis wall) and replaced the Skadis alignment pegs with a base that will hold two 10x3mm round magnets.