Build me an MA Ulm thug

[OmikronWarrior]

Dedas said:
It isn't as many gems as you think. MA Ulm has forge bonus 25% + hammers 25% = 50% off.

Somebody correct me if I'm wrong, but aren't forge bonuses mulplicitive instead of additive? I.e. 1/4 and a 1/4 gets you 9/16?

I'm also going to say not to bother equiping black lords to be thugs. A successful thug needs multiple levels of defense, such as high defense, protection, glamour/mirror image, awe, and high HP. Don't despair, however, as few nations have truly wrothwhile recruitable units to make thugs out of. Instead, I'd suggest you pick a pretender with some death magic, summon some banelords, and outfit them with earth and fire equipment.