First off, the speaker is
$6.27, not $11.83 as the BOM shows. Second, that speaker you linked is 20x more expensive than the price in the BOM... $268.00 > $11.83!
When you build one-offs and buy parts from Digikey, you pay a lot more than if you bought them in bulk. You can get stuff a lot cheaper out of China from Ali Express and eBay, but it takes two months for them to arrive which is basically useless when working on a prototype. (Unless you have tons of patience!)
Anyway, it's a neat project and I'm glad the code is out there! I have a SEEED Studio GSM shield ($5, Radio Shack clearance) that I might use for something like this. Maybe I can find an old bag phone and "modernize" it!
