High PainfullySlo,
sorry for the late reply, I have made several moulds from the putty alone, and it works as follows:
- prepare plug with release agent
- tooling gelcoat, tacky stage
- epoxy mould making putty catalyzed and applied
- 24hr cure and demould
The site has more detailed instructions and a video, but just to get the idea.
In your case, since you are doing a motorcycle fairing i presume, you will need quite a lot of putty, here is how I would do it.
Build a mould frame from timber, tall enough to accomodate the depth of the part, pva release and wax to the plug (i think with chemical release agent the gelcoat will tend to run off). attach a sheet of release film to the frame and lay it on a flat surface, make sure its nice and stretched, this will be your flange surface, you can work inside the frame.
cover the plug and surface of flanges with a coat of tooling gel, if it seems a little thin, allow it to reach tacky stage and apply another coat.
When the gelcoat is tacky, mix up your putty and with a rolling pin roll it out to approx 1/2 to 3/4 inch depending on how much you have, place the putty over the part and and press it down all over the part making sure its in good contact with the gelcoat everywhere.
Depending on how thick your putty is, you can use additional glass fiber and laminating epoxy, in cloth form or light CSM to reinforce the the putty right to the sides of your frame.
When all has cured after 24hrs or so, flip your mould over, demould and thats it. 
the putty can be found here:
http://easycomposites.co.uk/products/starter-kits/epoxy-mould-making-starter-kit-large.aspx
there are of course many ways to do it, but i reckon it will create a solid mould for indefinate uses.
cheers