The seventh and final volume is an extremely allegorical account of the final set of challenges Mithras had to undergo in order to obtain godhood.
The principle antagonist of this book are a set of beings, The Entities, also called the Fears, the Powers, and the Dread Powers, that guard the Well of Shadow, the source of the River of Souls that lies in the The Shadowlands.
The book is very clear that these entities are not gods or demons but rather that “They lie deep beneath, and are the reason that mankind called gods and demons into being, so that these Powers might be banished”
It is unclear whether these Powers are one power or many, the book acknowledges this lack of clarity with the following analogy.
"Imagine you are an ant, and you have never before seen a human. Then one day, into your colony, a huge fingernail is thrust, scraping and digging. You flee to another entrance, only to be confronted by a staring eye gazing at you. You climb to the top, trying to find escape, and above, you can see the vast, dark shadow of a boot falling upon you. Would that ant be able to construct these things into the form of a single human being? Or would it believe itself to be under attack by three different, equally terrible, but very distinct assailants?"
Regardless of whether the entities are singular or plural, Mithra encounters them guarding the Source of the River of Souls and must confront and defeat their manifestations in order to achieve godhood.
The nine entities named and defeated by Mithra are:
- The Eye
- The Vast
- The Desolation
- The Corruption
- The Dark
- The Spiral
- The End
- The Hunt
- The Web
Mithra finally triumphs over each entity
He does this by mastering the The Metaphysics of Shadow, a heretical (across all churches) set of beliefs. claiming that those beliefs grant him power over the Fears. Each entity is defeated with some combination of the elements in the Metaphysics, for instance the Eye is defeated by applying both Light and Darkness.
Finally he reaches a place he called “The Source of the River”, or the "Well of Shadow", a quiet, still pool from which all of reality flows.
At this point Mithra makes one final statement.
“ And if you listen very hard. The tune will come to you at last. When all are one and one is all
And steps into the pool where he "endures for a timeless eon"
While in this timeless state Mithra says:
There is no where else than here. The only time is now. The only doorway is my own body and mind. There’s nowhere to go. There’s nothing else to be. There’s no destination.
And is reborn as a god.
Appendix
The last part of the book, which seems to have been added later, details a variant on a common ritual, called The Ritual of One Hundred Candles. The variant requires the ritual be performed on a ship at sea, out of sight of land, during a night of the crescent moon. The entire crew must participate. When the final candle is extinguished, the book claims the ship will be transported into the ShadowLands.