I think Michael O’Leary has fallen out of love with the NHC. Over the last 10 years they've sent 7 runners down the NHC route between 2015-2020, with only 1 runner in the last 4 years. That was Run Wild Fred, at which point Gordon said (in November pre Cheltenham, 'I think the National Hunt Chase could be written all over this horse. Michael O’Leary might have different ideas and it’s a long time from here to March.'). He's made a point of saying in recent days 'The Cheltenham Festival should be about quality, it should be about Grade 1s and quality horses, not more boring handicaps which benefit nobody except bookmakers'. He's a bitter man who holds a grudge and I can see him living up to those words, even though the NHC isn't a Grade 1. You make a good point re the Irish National and I think the risk with Stellar Story, aside from the obvious as to whether or not he's good enough, is that he could be one of those horses that misses Cheltenham altogether. That being said, Michael O’Leary has sent 14 horses down the BANC route and it's a race they aim their better ones at. Given the level he ran to over hurdles I'd be surprised if he didn't blow a mark of 145 fairly quickly tbh. I love these expensive staying chasers that manage to win at the festival over hurdles when thats not what they were bought for. We see it lots of years. AB 1st, 2nd and 3rd turning into very decent chasing prospects the following season, albeit with a few duds thrown in. All things considered, I think 20/1 is a good price.