lordnogro(d)...chekegchti the...
hall watch (w)o(t)er established t...u_ghest pea(k?)
e...zirak zi(g)ilul with star from thirtieth hall

sechond age five hun|dred of the of the foll
fathoms gold smelter built built
the estblishment moriaul beeloow beeloow

...itur...for silver & elves traade
...taa...sh|yd & the dimril sunk to fourt|y
(kh)eled zaaramul & thund(r?) great gate

durinul ered luinul settle in the five hu
one thousan|d & twent|y news of fall smelt
forses sauronul arm|y gates to moria t?mo

ke...shche ov...(kh?)en elves traade...belego(s)t
...on|d...(fi)ve shaft sunk to four estab(li)sh
......r|y two great gate

je_ch...e five hulk...th...fort|y of...
...o...gold smelter kheled zarm...
...(establish)ment moria...