First Posted: Jul 04, 2013 08:15 PM EDT
Tags movies

Mexican director Guillermo Del Toro of "Pan's Labyrinth" during preparations for the 79th Annual Academy Awards in Hollywood, California February 23, 2007. The film is nominated for best foreign language film.The Oscars will be presented on February 25. (Photo : REUTERS/Robert Galbraith (UNITED STATES))

Prior to directing "Pacific Rim," Guillermo del Toro was expected to helm "Mountains of Madness." However, the project was abandoned in 2012 due to budgeting issues and the film's similarities with Ridley Scott's "Prometheus."

On June 30, del Toro spoke with reporters during the San Francisco press tour for "Pacific Rim" and revealed that he was still hopeful that the film could get done.

Del Toro stated that Universal Pictures currently owned the rights to the film, but "I hope we do it with them."

Del Toro, always known for his sense of humor, also noted that his producers Don Murphy and Susan Mumford will continue to fight to get the project made.

"Whatever happens with my life, the one thing I know is [when I'm on] my death bed, before I croak, Im going to a get a call from Don Murphy and he's gonna say 'Are we doing mountains?'" del Toro said. "Don Murphy and Susan Mumford are the producers and they will never let me feel defeated"

The Mexican director also elaborated on why the film was abandoned. "The budget with the R [rating]," he stated. "The fact that you have a $150 million [budget] and an R rating."

When asked if a successful run for "Pacific Rim" could help change studio executives' minds about "Mountains," del Toro responded, "I think that it would help for sure."

Del Toro's "Pacific Rim" hits theaters on June 12, 2013. The movie stars Charlie Hunnam, Ron Perlman, Idris Elba, Rinko Kikuchi and Charlie Day. After "Pacific Rim," del Toro is slated to work on "Crimson Peak" which boasts an all-star cast that includes Jessica Chastain, Mia Wasikowska, Benedict Cumberbatch, and Hunnam.

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