Ok, I worked in prototyping and manufacturing for a while, doing molds and first run parts through to full manufacturing. Basically, if you want to build these, your best bet is to design and 3d print a prototype for fit test only. 3d parts are cheap now, you could have a couple made by redeye or something for probably under $200. For a mold, the total price is usually quoted off a combination of block size and material removed. For a single mag size, you should be able to have the mold designed and machined for less than $10,000 if you shop around. This is providing that you already have your mag designed and 3d modeled. You need modeling, double it. After that, you need to find an injection molding company. They will have to dick around with the mold, get it set up, etc. Probably charge you a few bucks per magazine. A single magazine mold will take a while for them because depending on the plastic, the part may have to sit in the mold for a minute to cool and not warp.
Your best bet is finding a plastics house and finding companies they have dealt with. As you make a couple parts, the mold mfg will usually have to make minor changes. End cost will likely run you 12k or more and 5-10$ per pour. If you make 300 mags, and charge 50 per, you MIGHT, if everything goes crazy good, make a few hundred bucks on your 12k investment. Experience and good people can help you make more.
Mr. Larue is undoubtedly very experienced and in a great location for this type of enterprise. Austin has tons of machine shops and casting houses. If he thinks it's a bad investment, it probably is. Your best bet is to probably 3d model it, make a couple of low quality magazines, then spend a bit more and have some high definition 3d models made that will be usable (high strength polymers are starting to be an option). You would also need to find a spring mfg to wind those for you.