Sure looks like it to me. Scroll down the page, clicking the answers as you go (why work it out when someone else has). You will see the fourth part of the Kryptos sculpture interpreted.
Now, what all four parts mean together I haven't even tried to ascertain. I think the GPS coordinates do point to the statue because precise GPS positioning wasn't as good then (when the sculpture was made) as it is today. Aside from that, go figure your own relationship to King Tut's tomb.