Yeah well, honostly - we should really just be able to forge fist weapons rather than having them do the extreme damage they do right now 
My guild guys are dedicated miners, and he keeps telling me that its stronger than what he otherwise uses, im sure that if I went to forge titanium weapons they would be better, but thats a lot more expensive resource-wise compared to that of an iron fist which is outperforming iron tools at this point by quite a bit.