"She will go novice hurdling. I think she’ll stay quite well, but it will probably make sense to aim her at the mares’ novice hurdle at Cheltenham and then the Grade 1 mares novice hurdle at the Fairyhouse Easter Festival."
I respect all 3 of your opinions a lot and I can't imagine Mullins' 'thinking' is wrong and she has shaped like she would get further... but how often do we get a nominated target from Willie? Rarely.... I think sometimes we can over complicate it.
She is available at 15/1
Target nominated by the trainer (which happens rarely)
Only Festival winner in the market
The best form we have for any horse in the race by miles (albeit bumper form)
Trainer by the trainer who has won 3/3
One of the previous winners (Let's Dance) also was a stayer
They are 5 very strong positives so if that is a
bad bet at 14/1 (15.3/1 with boost) compared to Chante Neige at 12/1 (13/1 with boost) then I can't imagine me having a successful festival

, because CN only is that price based on her owner saying she's his one to follow this season couples with Mullins & Sullivan owning Laurina. That CN price has to factor in recency bias from last years festival.
The only negatives I can think of are:
Don't trust Mullins - okay, but I'll still be aiming to profit from it either way
She looks like she wants further - Technically she won over the same distance at Cheltenham so she clearly isn't useless at 2m - and Let's Dance was similar in wanting further and Laurina also won over further in her next start, so it isn't a race where you have to be a 2m specialist, if you're the best horse.
Obviouisly you don't need to have backed either... but to say
Relegate isn't a good value bet for the race I don't think is accurate (I know none of you said that, but it is implied) as she HAS TO BE FAVOURITE at this stage of the season
I've only just checked the price and see she's now best price 10/1 fav for the race, which puts me in a nice spot. I don't think you can ask for much more than being ahead of the book in October - a long way to go and plenty of bets to be made, but I think this was value today