Thain's Axe of Flames

Thain's Axe is always in the same location and you can go back and get it again each difficulty level for a better version. Or if you are playing Multi-player you can get it as often as you want so that you can dual wield them or check and see if you will get a slightly better version as you level.

Thain's Axe can be found at the location below:

As shown above there is a hidden path in the woods marked by the Xs, at the end of the path is a grave:

If you click on the grave the following message will pop up:

Laying on the ground next to the grave (whether you click on the grave or not) is Thain's Axe of Flames: