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I don't think the budget has much to do with it, of course there is a point where it's just to low and you're not going to get anything done but Halloween was done on a 300 thousand dollar budget and was shot in a month but it's one of if not the best horror movie ever made so having 3 million shouldn't be much of a problem unless you don't know what you're doing which so far Gulagher doesn't.
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Whatever The Fuck Ever
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