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Mod crafting reqires 10 mod parts & 1 Xenon component. The result will be a random mod of the same grade with random stats
Note that systems using completely random stat systems tend to provide MASSIVE amounts of useless mods, which is currently the case with the new mod system in X:R.
Hopefully the rebalance due in january will stabilize this to a more possitive result overall.
-WWDragon