We aren't deep enough to set mine imo. On the 2+2 MTT strategy forums, they say you need about 12-15x the call size to make set mining profitable. You've only got 10x the call size left. I think if you are sure on your read that he is only 3 betting with JJ+, AK, you've got to do a fold.
In the end, if you are looking at 3 cards lower than a 10, and you aren't happy, then you've messed up somewhere.
he has 29k left, and the pot is 12k. its 2.2k to call - easily enough to setmine. Even if we use your 15x figure, 15x 2.2 = 33k he needs to win. if he gets stacks in he wins 29k plus the 12k already there.