List stated that his Armanen Futharkh were encrypted in the Rúnatal of the Poetic Edda (stanzas 138 to 165 of the Hávamál), with stanzas 147 through 165, where Odin enumerates eighteen wisdoms (with 164 being an interpolation), interpreted as being the "song of the 18 runes".
In the first track, "The 18 Charms of Odin", Cope provides musical accompaniment to the text of the epic Norse poem Hávamál, in Kevin Crossley-Holland's version, as published in The Norse Myths.
In Hávamál, Dvalin is said to have introduced the writing of runes to the dwarves, as Dain had done for the elves and Odin for the gods.
(Hávamál, after which the first demo is named, is another such poem.)
The last stanza is clearly related to a stanza from Hávamál.
In the oldest preserved manuscript of the Poetic Edda from 1270, and which is written with the Latin alphabet, the m is used as a conceptual rune meaning "man" and in Hávamál it appears 43 times.
Hávamál |
In the Poetic Edda, Urðarbrunnr is mentioned in stanzas 19 and 20 of the poem Völuspá, and stanza 111 of the poem Hávamál.