Other than it being a junk item, it is a fail because it is Godly.
The mods are as godly as a peasant sitting in the market begging for coin:
Godly bronze dagger,
Damage: 13 to 23,
+1% Experience Gained,
+1 Life Regen,
+1 to 10 Life per Kill,
+2% Damage Return,
+2% Mana Syphon,
+1% Quick Draw,
+2% Glancing Blow,
+2% Fire Mastery