It is the group 1 that no one is confident of winning, although trainers have the utmost confidence in their horses heading into the Saturday's Black Caviar Lightning Stakes at Flemington.
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Group 1 winners Chautauqua, Terravista, Delectation, Japonisme and Exosphere will all resume down the straight 1000-metre course and each stable can make a case for them winning and also something beating them.
Joe Pride has Terravista "exactly where I want him" to be resuming at the 1000m and he boasts a formidable record of five wins from six efforts first-up with the other a third-placing in the Newmarket Handicap last autumn.
"He is the best horse I have ever had but you can't be confident against a field like this," Pride said. "I have had three horses that have won two group 1s and he will be out to join them on Saturday. I think he can but you look at this good little field and you think every one of them could beat you on their day."
Terravista is an $8.50 chance at Ladbrokes, which has Exosphere and Chautauqua $2.60 joint favourites, although the Hawkes camp will wait until race day to make a final decision on whether the latter will run.
Pride has mapped out a program which will see Terravista run in the Newmarket Handicap and TJ Smith before a possible crack at Hong Kong in May.
"He has come back extremely well and gone forward from the trial [he won] and he is a group 1 horse, so he has a group 1 program," Pride said.
"Last autumn he just wasn't himself and ran two group 1 thirds and I was disappointment for him. I think he is back to his best."
Chris Waller has a pair of last-start Flemington group 1 winners in the race but realises the strength of the field.
"It is just a privilege to have two runners in the race. It is the sort of race that everyone should be stopping to watch," Waller said. "Delectation and Japonisme have won their group 1 down the straight [in the spring] already but you look at the field you have respect for all of them.
"Chautauqua and Terravista have done it at this level for so long and Exosphere looks very exciting. We are there but you look at a couple of these and think they are going to be hard to beat if they are at their best."
Darley Classic winner Delectation is a $7.50 chance, while Japonisme is at $9 despite winning the Coolmore Stud Stakes in the spring.
The best push from any runner in the Lightning comes from the Godolphin team with James McDonald heading to Melbourne to ride Exosphere.
"Originally James was going to stay in Sydney and ride our Golden Slipper colt Astern [in the Silver Slipper]," trainer John O'Shea said.
"But after the colt worked on Monday and after the trials he's run over the past month, he wants to stick with the big horse."
Meanwhile, the aptly named Gai Waterhouse-trained Kiss And Make Up made a winning debut at Canterbury on Wednesday.
Owned by John Singleton and Waterhouse among others, the More Than Ready colt was bought out of the Magic Millions sale last year when the long-time friends publicly settled differences from the More Joyous affair.
"It was a good tough win and he'll go to the Todman Stakes and we will see where he sits against the other good two-year-olds," Waterhouse's racing manager Adrian Bott said.
Later in the afternoon, the Waller stable won its 100th metropolitan race for the season when Miss Denni scored over 1500m. It is the fastest that Waller has got to 100 winners in a season.
"It is a good team and nice reward for everyone," Waller said.