If you think the molds are expensive look up the price of the raw silicone here in australia

. You can make molds from almost anything including wood , you dont say if you have access to the material in casting form or already solid ,in which case you need to be handy with a router or otherwise at fabricating the shapes of the molds you want ,I have only used silicone and so called "bread board" for casting in ,oh and also pvc electrical pipe about 20 mm dia .Cant see any reason you cant use what you suggest as long as its smooth ,you can use mold release if uncertain , you sometimes get slight shrinkage of the casting so that can work for you as well ,in the age old wisdom ( suck it and see) hehe, cheers ~ John