Kevin
Depends on how thick a wad you want to make , also you will need to lube the felt somehow , I have melted down BP lube and poured it on the felt and then cut them out , seams to work well enough . Others like to rub the lube into the wads after their cut .
The cutter , is it the hole punch style ? if so you should be able to do wads up to .500 ( 1/2" ) , check your local craft store or you can order them from Track of the Wolf and save cutting .
They used to sell it in sheets so you could cut your own , not sure if they still do or not .
stimpy