The process is quick and straight forward (typically 30 minutes including buying keys and selling torches), requires a rune worth one 3x3 Key set and a basic smiter paladin with cheap gear (for fun and a well written guide google poor man smiter) and allows you to build the Wealth for buying the torch you desire. You can then use these freshly aquired runes to buy a new 3x3 Key set, for farming a new torches. When farming for your desired torch (or to get rich in ladder quickly) NEVER identify a torch when it drops, instead sell the unidentified torch for runes.