The majority of Affinity cards are >$1 though so it adds up.
~$120 on the lands alone.
He has the Steel Overseers so most of what he needs is Ravager and etched champion but still.
as a whole I like elements of the deck but Im not sure it will really do what you need it to. I did a quick search found a bunch of cards...
piston sledge
Throne of Geth
spawning pit
Culling Dias
Jinxed Idol
pentavus
rackdos riteknife
Blasting Station
The first three in particular stood out to me as good options for the deck. Spawning Pit and Piston Sledge both have the advantage of being cheap and not requiring any mana or tapping to activate. This lets you run with just 1 Dross Scorpion on the board and a Myr Turbine for example.
Throne of Geth stood out for the proliferate.
Im not clear on how to make this deck win exactly but I think theres some decent elements here.
Finally I would definitately pick up playsets of Ornithopter memnite these are both super awesome creatures, that work great with this sort of deck AND they get you started into Affinity too which is not a horrible idea really.
another option which I think would be really cool would be to do a variant on Heartless storm. Using 2 Myr Retrievers, Heartless summoning and Something to Protect a disciple of the vault. The Retrievers cycle one another for free chaining damage from the disciple till you win.
In the end I'd look at a list something like this:
Land ~22
Artifacts 16
4 Spawning Pit
2 Throne of Geth
4 Springleaf Drum
2 Myr Turbine
4 Trading Post
Creatures
2 Dross Scorpions
4 Memnite
4 Ornithopter
4 Myr Retriever
4 Disciples of the Vault
Spells
4 Thoughtcast