Reading some of the posts. I will say I honestly say this quest just isnt worth the time unless it will be a component in futre quests. IE original Rogue epic required a burning rapier. yeah the str agi and dex are nice the 25 hps are nice and 3 to 2 saves are also nice. However 25 hps just doesnt make it nice enought at level 45. this should be a level 20-30 quest item. you better off getting outright stamina items like a Centi LS which at level 60 will merit 32 hitpoits (4.2 hp per 1 stamina). Its to bad this wasnt a range item though. if it was at least more or if not most rogues would do the quest.
I mean come on VI rangers get some great bows for range stats. If you do so wish to quest go right ahead at least you can say I did that quest. Me personally if you looking for piercers under 1k get a crystalized spider fang for around 500-800pp on TM anyway and a walrus tooth which also boasts 6 stam.