I did it!
I finished my first nalbinding project! It's not perfect or even competent but it has no holes and is useful.
The pouch is 4.5" wide by 5.5" long. It is made from Lambs Pride Gold single ply yarn for the body and the draw string is a simple 3 string braid made from Jojoland 100% wool yarn. It is a UUOOUUOO sort of stitch. This made a nice dense and sturdy fabric that does not need to be felted.
Many thanks to Mistress Sigrid Briansdotter for getting me started last May at the Maryland Sheep and Wool Festival. She sat patiently with me until I got the beginning stitches down.
Now back to my nalbinded socks that have moved on from the "toe yarmulke" stage to the "toe ski cap" stage, but are coming along between other projects.