Nice Try!
Props for trying to get hype by claiming this was made for $70, and bigger props for taking advantage of a gullible media. But I don't believe for a second that you didn't have to pay for city permits, or property and life insurance, and why would the makeup artist from X-Men 3 break union ranks to work for free?
Don't get me wrong, the film still looks pretty great for a low budget movie, but I am betting the actual budget is somewhere around $40,000.