I always compound White or Red Jades + rank 2 grass, using Purple Grass would be a waste of material just to compound Little Statues.
I sell them in Kelan time after time, high lv players like to buy them for manufacturing Mud Statues.
But I still wonder what's the point in having that Little Statue as a manufacture item, since it is so time consuming and also needs precious materials for making it? *scratches head*