Sjá megu rétt, hvé, Ræfils
ríðendr, við brô Gríðar
fjǫrnis fagrt of skornir,
foldviggs, drekar liggja.
Megu sjá rétt, hvé drekar, fagrt of skornir, liggja við brô Gríðar fjǫrnis, Ræfils foldviggs ríðendr.
They can rightly see how dragons, beautifully engraved, lie near the eyelash of the Gríðr <giantess> of the helmet [AXE > AXE-BLADE], riders of the horse of Ræfill’s <sea-king’s> land [(lit. ‘riders of Ræfill’s land-horse’) SEA > SHIP > SEAFARERS].
[3] skornir: skornar A, ‘‑kórner’ 2368ˣ