So I'm a new TL2 player (bless you steam sale). I've played a few runs all the way through the game and now started tinkering with mods. Of course, quickly hit the 10 mod limit and started looking into combining mods. I've grabbed Guts and followed the basic instructions to start unpacking mods and hit a snag early in the process.

1) Open GUTS and start a project
2) Utilities>Pak/Mod Unpacker
3) Select a mod at C:\Users\Warlawk\Documents\My Games\Runic Games\Torchlight 2\mods\
4) Unpack said mod to a new folder on my desktop to work with

At this point I now have in the folder MOD.DAT and MOD.DAT.BINDAT but there is no media folder. I also tried unpacking directly to the mods folder in my torchlight install location as the combining mods page lists, just in case that was somehow important but it had no effect.

Chances are good I'm just missing something perfectly obvious and right in front of me, but I'm still missing it. If anyone has any thoughts I would be most appreciative for the help.