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Ya know...a hiking forum I used to be on had a tutorial where a guy mixed silicone and something...like paint thinner or ?.... Anyway, he was able to effectively re coat tent floors etc and re-water proof them with this mix. As I recall, it was a royal pain in the behind to get mixed. But applied easy with a mini roller.
Ok, here is the site, good luck on the search over there...it has been a few years since I have posted there. I bet that tent floor repair thread was atleast 7 years ago....http://hikinghq.net/forum/index.php
1:3 ratio of silicone to low odor mineral spirits