Up in Maine...I got to visit Hogdon brothers boatyard which at th time was building a 155 footer cold molded for many millions of dollars. Took 3.5 years to build and the TREES for the project were fallen old growth salvage from the forests of the NW picked up by by helicopter!!
So nothing wrong with cold molding!
Here's more of the boat story:
http://boothbayregister.maine.com/20...eherazade.html
Clik to enlarge and see the other38 photos of her launch!