break down.
1 stam is normal
2 mana is just lil over cap
3 mr is really not needed
4 10 lmc is lil over cap
5 its mage armor so the armor type unimportant at this point.
6 the resist are horrible because samp suit is going to need to have 95 fire resist. This has a meager 3%... the rest are nothen mind boggling either.
7 if ya wanna be snobby about it. Its also brittle.
Just being honest but I would unravel it if I accidentally picked it up. I am not sure of how well off in game you are but as you move on and are able to get better loot you will realize its nothing much. The fact that Jake thinks its worth even 1mill blows my mind but hey you never know put on vendor start high then keep going lower maybe you will find a guy who thinks like jake. I just see no value in it at all. Just saying buddy.