EZ, i hav'nt looked at the andean deal but it's entirely possible. in situ gold valuations for explorers/producers are all over the board. i think a lot of this inconsistency is due to the "rush to gold"...a lot of new folks are starting to get involved in buying miners/explorers (good luck to them!)..

imo, the only reason kry is worth looking at is because of a large deposit that has very low cash costs ( hugo costs excluded )..if they ever actually got even a third of the mine there's a good chance by the time they start producing hugo may be gone, a better business environment will exist and they could be worth substantially more. oh yeah they're also sitting on some large tax/carried loss benefits that could really be worth something IF they can ever get this deal done...