Hey JetPainter, Sorry in taking so long in posting for you.
Here is a short run down on my mold making methods, once you have the plug in the parting board and the clay has sealed the gap around the edge you are ready for several coats of wax.
Once the wax is done then I spray a coat of PVA mold release and let that dry good. I then spray a nice thick coat of tooling gel coat, I use orange because it contrasts with the black plug color and so you can insure a good thick coat is sprayed. Spraying the tooling gel coat is about like spraying bed liner in a pickup bed if you have ever done that.
I let the gel coat cure to the point that it won't transfer to your finger when you touch it, if you rush this step you run the risk of making the gel coat crinkle up when you start to lay the chopped strand mat over it. It's better to let it sit to long than get in a hurry and screw up you mold!
To make the mold I use the 1.5oz chopped strand matt, and polyester resin. A trick to working with the chopped strand matt is to tear the pieces that you use, this gives you a much better overlap than a cut edge.
As for layers I will use somewhere around 3 or 4 layers of the 1.5oz matt to make the mold, my friend Bob Patton makes his a bit lighter which has it's advantages.
This is it in a nut shell, If you have any questions about something that I forgot or didn't explain well please let me know and I'll see if I can do better.