I think that the thicker the stacks get the more issues you would have with kerfing and beam intensity. Maybe a few (3 or 4) wouldn't be bad but that would still mean you can only do about 40 or so at a time.
I have done some work with power tools and stacks of paper before when trying to make a hollowed out book safe. I think drilling may be possible, with a few precautions:
- Sharpen the drill bit. I actually have a little jig for that favorited on thingiverse
- Clamp the paper very tight. The less movement of the paper, and space between the paper, the cleaner the cut will be.
- Crank up the drill speed. I think the drill press may be enough, but if not one of the hand power drills may cut it.
- Pre-drilling may help. It might give a cleaner hole if you pre-drill a smaller hole.
I think we could take a small stack of scrap card stock or something similar and see what sorts of results we can get.
Also... nobody has mentioned the ~3 ton hydraulic press we have currently in the space.