Melt the 1st three ingredients. Heat the water until simmering.
Put the melted ingredients, the simmered aloe vera and the Olive oil in to a bowl. Mix with your stick blender until well blended. Let sit until it cools off, about an hour and then whip it with your stick blender again.
Mix in the Peppermint Essential Oil and Colorant. Pour in to your four-ounce salve jars. It will thicken over night.