"It would be with a lot of horses but he is such a good doing colt I think he could handle it," says Ellis.
"But I am probably 60-40 against going at this stage. But even if we don't go he could very well go to Sydney for the Sires' over there and even Brisbane in an option."
The desire for an Australian Group 1 is understandable as it would exponentially increase Sword Of State's stud value and that could see him miss the Sires' Produce at Awapuni on April 3, a race that looks at his mercy.
That could also change the pathway of stablemate On The Bubbles, who may not be as sharp as Sword Of State at the moment but appears to have most of the other juveniles covered.
If Sword Of State heads to Australia it would be tempting to keep On The Bubbles in work to win the Sires' Produce at Awapuni because Group 1 wins are not to be sneezed at and he could probably get away with it at 90 per cent.
The two speedfreak babies won't be the only stars at the centre of the team chat as goals will need to be set for Melody Belle, Avantage and Probabeel among others.
Melody Belle is almost certain to head to Australia for one more crack at Group 1 glory there but Richards is leaning toward keep Avantage here and maybe targeting the Breeders Stakes at Te Aroha, which could see her clash with Saturday's other outstanding winner Levante in a fitting finale to New Zealand's Group 1 season.
Probabeel was robbed of any real chance in the A$5m All Star Mile on Saturday when rain soaked The Valley and Richards says the favourite looked after herself.
"She just didn't handle it, which was a real shame," he offers.
"But at this stage she will stay over there and head to Sydney and, if the tracks stay dry, we will give her one more shot at a Group 1 this season."
While New Zealand will have significant Derby representation as usual in Sydney, Saturday's Auckland Cup winner Ocean Billy is not heading to the Sydney Cup.
"It will come around a bit quick and I haven't entered him so I'd have to pay a late entry fee so we won't be going to Sydney," said trainer Bill Pomare.
New Zealand's main Sydney Cup chance The Chosen One was solid in his return to Sydney racing at Rosehill on Saturday in a 2000m race and he is already looking for further as he counts down to the A$2 million Sydney Cup on April 10.
Meanwhile his stablemate Aegon is being aimed at the A$3m Doncaster at Randwick on April 3 with Kerrin McEvoy confirmed for the ride at 52.5kg.