Can Amazing Tools of Manufacture be used for mundane and/or magic crafting?

The description of the item states, that “The wielder may take raw materials with a value equal to half the price of an object to be crafted…” (for the full description see here).

The ratio of 2:1 for market price vs. costs is normally used for the creation of magic items, therefore this seems to indicate that the creation of magic items is the intended use (for mundane items the ratio is 3:1 or 4:1 using the Unchained Rules).

On the other hand, crafting of mundane items is not specifically excluded, and the text refers to a skill check for an “object to be crafted”.

Could for example a Master Craftsman with at least 6 ranks in Craft(armor) craft a Mithral Full Plate (market price 10.500 gp) with these tools in 6 days for 5250 gp?