no they couldn't feasibly go that low. plus budgets dont make good movies:
8/13/2004 AVP: Alien Vs. Predator 20th Century Fox $70,000,000, Domestic $80,281,096, Worldwide $171,181,096
8/6/2004 Collateral DreamWorks SKG $60,000,000 Domestic $100,170,152 Worldwide $217,670,152