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[PSUBS-MAILIST] "Ferrocement" for hull material?



While I was off the list, was there ever any discussion
on using ferrocement for hull material?  I've heard of
its use for building boats, and I also saw an article
in POPULAR MECHANICS magazine (or something
similar)  about the possibity of building subs from
material like this.  I've been wondering about it for
a while.  Thanks in advance.