Another similar idea is apply a fusible web such as steam a seam 2 or misty fuse to the back of your print, then fussy cut out the dragon and other sections, spread them out on the black fabric and raw edge applique them down using a satin stitch. If you cut the 3 yds of black in half and then sewed them together you could make a 54" sq medallion. Then make a red and black border, maybe half square triangles or one of the borders from quilters cache. I think I would save the white of another project.