$40,000 to make Blair witch project,and reaping an extraordinary profit of $150,000,000 that is extremely impresive, way even better then they Did with Cloverfield, however i still stand to thnk Cloverfield is hugely successful because when considering the percentage of cost and overall profit made, they still managed to do better they did with Spiderman 3 which costed $258,000,000 !!
The point id like to say, it is very very difficult to make science fiction film on a budget, Cloverfield is proof that it didnt need to exceed 200 million, or 100 million or even hell, 25 million. Adding to what I have said before, I doubt very much anyone would be able to better the feat of this scale, cost, effects, profits, (sure a few flaw-but to me and lots of people its neglectable) which also proves another point science fiction film is extremely expensive to make, no matter what short cuts you make, argueably there's probably no short cuts. the mainstream blockbuster sci-fi film such as Spiderman3 or the Star Wars sagas (new and old versions)were made as fuelled by greed).
Surely Blair Witch was done on alot smaller scale of initial cost but there was not need for eye-candy and stunts so they could.