So I had my first meteorite land, not a huge distance from my home which was lucky. I got a friend to mine it all for me as I don't have a strong enough pick axe currently. In all I got some 75 bars (after giving my friend a few to say thanks) which in theory should allow me to build a complete armour set.
The question is, why bother? Looking at the wiki for it, it's a bit rubbish. In terms of defence it's the same as my current silver set, worse in fact with the bonus silver gives you for a complete set. I appreciate there is a magic attack bonus but as far as I know I don't have any magic things yet.
I might have done it if the armour provided a light source while I tunnelled but apparently this has been taken out? So no point doing that. Would I be better off making something else with it?