Baja gave a very subtle hint in its April 17th MD&A that costs were climbing. Interesting that a couple of its directors resigned on Friday.

MD&A pg 4: http://sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00006177&fileName=/csfsprod/data129/filings/01885212/00000002/y%3A%5CWeb_Documents%5CRADAR%5CE3%5CFGDQ%5C17AP12170%5C120417bajaAMDAa_em.pdf

Management is committed to monitoring project costs

At the end of February 2012, Engineering and Procurement activities were 92% and 84% complete, respectively. Management is in the process of establishing a definitive forecast of the costs to complete the Project and expects that this detailed cost analysis will be completed during the second quarter of 2012. While work on the forecast is ongoing, preliminary analysis of trends indicate that there may be inflationary pressure on several key components of the Project. This includes higher than expected costs for labour, fuel and steel. As a result, management has initiated a program to identify and implement cost saving measures across a broad range of project activities.