21. "Thy counsel is given, | but go I shall
To the gold in the heather hidden;
And, Fafnir, thou | with death dost fight,
Lying where Hel shall have thee."

Fafnir spake:

22. "Regin betrayed me, | and thee will betray,
Us both to death will he bring;
His life, methinks, | must Fafnir lose,
For the mightier man wast thou."

Regin had gone to a distance while Sigurth fought Fafnir, and came back while Sigurth was wiping the blood from his sword. Regin said:

23. "Hail to thee, Sigurth! | Thou victory hast,
And Fafnir in fight hast slain;
Of all the men | who tread the earth,
Most fearless art thou, methinks."

Sigurth spake:

24. "Unknown it is, | when all are together,
(The sons of the glorious gods,)
Who bravest born shall seem;
Some are valiant | who redden no sword
In the blood of a foeman's breast."

Regin spake:

25. "Glad art thou, Sigurth, | of battle gained,
As Gram with grass thou cleansest;
My brother fierce | in fight hast slain,
And somewhat I did myself."

[22. The Volsungasaga places its paraphrase of this stanza between those of stanzas 15 and 16.

24. Line 2 is probably spurious, but it is a phrase typical of such poems as Grimnismol or Vafthruthnismol.

25. Grain: Sigurth's sword; cf. Reginsmol, prose after 14.]

21. "Ráð er þér ráðit, en ek ríða mun
til þess gulls, er í lyngvi liggr,
en þú, Fáfnir, ligg í fjörbrotum,
þar er þik hel hafi."

Fáfnir kvað:

22. "Reginn mik réð, hann þik ráða mun,
hann mun okkr verða báðum at bana;
fjör sitt láta, hygg ek, at Fáfnir myni;
þitt varð nú meira megin."

Reginn var á brott horfinn, meðan Sigurðr vá Fáfni, ok kom þá aftr, er Sigurðr strauk blóð af sverðinu. Reginn kvað:

23. "Heill þú nú, Sigurðr, nú hefir þú sigr vegit
ok Fáfni of farit;
manna þeira, er mold troða,
þik kveð ek óblauðastan alinn."

Sigurðr kvað:

24. "Þat er óvíst at vita, þá er komum allir saman,
sigtíva synir, hverr óblauðastr er alinn;
margr er sá hvatr, er hjör né rýðr
annars brjóstum í."

Reginn kvað:

25. "Glaðr ertu nú, Sigurðr, ok gagni feginn,
er þú þerrir Gram á grasi;
bróður minn hefr þú benjaðan,
ok vald ek þó sjalfr sumu."