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This card gains ATK/DEF equal to the number of materials attached to it x 500
That reason is often enchantment-based ramp like Wild Growth and Utopia Sprawl that produce extra mana from one land, letting this produce an absurd 4 mana rather than a respectable 2
Target player gains 7 life
The card in question will let you know if you can do so, but it's fairly common for cards to have activated abilities that only work if theyre in a graveyard, like Balustrade Wurm, Bloodsoaked Champion, or Reassembling Skeleton
Thats not hard to achieve at all in this deck, so for two mana, its a great deal