I recently got into reloading and have some buddies who would like me to reload some .45 auto for them. I didn't mind a bit because this stuff is fun (thanks for talking me into it). I was going through midway and calculating how much it would cost to buy all the parts and start from scratch. Here is what i came up with.

Winchester brass (1000) $174.99
Winchester bullets (1000) $133.99
Winchester powder (1lb) $15.13
Federal primers (1000) $26.99
TOTAL$351.10 per 1000 rounds (230gr FMJ)

I can buy these same bullets at wal-mart for $29.00 / 100 rnds
So thats 35cents per round for the reloads vs. 29cents per round factory
I know i will save 17 cents per round if I already have the brass but I don't. So am I missing something or just need to buy factory winchester loads and save the brass? One guys gun loves the factory loads, and that is why i am loading them to factory specs, thanks for the help.