Well... I think my goal was to be reloading ammo with $150. I think I was at around $165 in order to crank out my first 100 rounds.
Since then I've added Lube, Lemashine, primer flip tray, and more projectiles, so I'm probably around $275 total, which includes having loaded right around 500 rounds so far, with components on hand to load another 575.
So, for $275 for around 1000 rnds, if you count only for cheap Full Metal Jacket the store-bought would have been cheaper, but not by very much
wait till you add a 60$ lead pot, a 20$ mold, 25$ thermometer, scavenge or buy some scrap lead / lead alloy from a gun range ( 85 cents a pound ? ) and then a 20$ lube and size kit. Then you can really start cranking out pistol rounds. a pound is 7000 grains. Say you are loading 38spl/357 and doing 158 swc or similar and tumble lubing them. you will get about 44 projectiles per pound. if your range scrap costs you 85 cents a pound, then you are just buying lube. if you use the lee micro groove/tumble lube, then you can lube for really about a penny a round. if you use conventional wax lubes, then you can make your own and pan lube then size. you might hit 2 cents a round doing it that way, depending on if you make some of the exotic red lubes and or incorporate lanolin.
so 2 cents per boolit, and lets say 2 cents for lube. that's 4 cents per projectile so far.
lets say you are loading 158g LSWC and using titegroup for 38SPL. The charge range is 3.2 - 3.8 grains. Lets use a low to mid load of 3.2-3.4 grains. you should get about 2000 loadings out of a 30$ pound of powder ( I've seen TG as low as 25..high as 32 ). If you buy in the 8# keg you get about a 13% discount.
So that adds about 1.5 cents per cartridge.
If you pickup your range brass then your cases cost nothing past initial investment.. and free if they were your buddies 1x fired that doesn't reload.
now we are down to primers. If you buy in bulk, you can get primers in the 2-2.5 cent range.. and if in trays of 100, in the 4.5-5 cent range. lets say you are buying a single brick, and getting primers in the 3.5 cent range.
that puts you at 2 cents for projectile, 2 cents for GOOD lube, 1.5 cent for powder and 3.5 cents for primer. 9 cents per loaded round.
About the only way to go cheaper is to buy powder by the keg, and primers by the case, and get free scavenged lead.
Doing that, you can shave your price down to about 6.5 cents per round. I have heard of people getting down to 4.5 cents by basically getting free lead, and making their own pan lube using perhaps not GOOD materials, but GOOD ENOUGH for range plinking, and also buying primers at 50000 at a time.
50 rounds in 2 hours would drive me up the wall.. But everyone to their own. 
