Steve, OK, you'rean unashamed gold bull, that's OK I know many...

Steve,
OK, you'rean unashamed gold bull, that's OK I know many of them and tend to be of that ilk over the longer term myself.
On the Comex exchange stuff you mention, you are probably unaware that the exchange can order cash settlement if there is not enough metal. This little rule was slipped in a while ago so as not to cause too much disruption to the market. So the long contracts that want the silver will get cash if there is not enough silver, so no major disruption/squeeze possible.

If you went back 6 months, you would have found bullish posts from me about MML. I now know I was wrong and the market has picked up on it as well. Medusa kept falling during the last (small) rise in the POG. Never a good sign.
Because of failures in both communication and meeting guidance, management will have to earn the trust and respect of the investment community, before any major bull move (barring an explosive rise in POG), so it's not just the numbers that need to turn around, there needs to be some consistency about it.
Should the POG continue heading south, then MML (with lots of others) will be in real trouble.