"The Well of Evil provides a chance to convert plain white items into magical items. Throwing the item into the well will awaken a powerful beast from within. These monsters are much more difficult than other monsters in the game, but when you defeat it, you will receive your item back with at least one magical stat on it."
"You can use the transmutation box to extract Magical (or higher) Essence from magical+ items. Once you get essence, you can combine it with another magical+ item of the same tier to reroll that item.
- When you extract the Essence from an item, you have a chance to get from magical to the magical level of the item. For instance, if you extract an Angelic item, you have a chance to get Magical, Rare, Mystical, or Angelic Essence from that item.
- When you combine Essence with an item, it's important to try and match the magical of the item with the essence for optimal effect. If you combine an Angelic item with an Angelic Essence, you are almost guarenteed to get a rerolled Angelic item. If you combine a Magical Item with an Angelic Essence, you have a chance to get a Magical, Rare, Mystical, or Angelic rerolled item."
Both are good ways to make fg, you want a mage lvl 64 with somewhat decent gear (100+ ee attack charm, 100+ ee heal charm, 30+ int on gear) to have a somewhat well success rate.