This stuff is pretty nice! It's spiked, sanctified, and, according to the bard, has some TD or other magical defense on it.
500k

Your careful inspection of a thick spiked mithril metal breastplate allows you to conclude that it is plate armor that covers the torso only. You also notice that it is spiked.

You determine that you could wear the breastplate around your chest. The breastplate appears to serve some purpose.

It looks like this item has been mainly crafted out of mithril.