"To target the Melbourne Cup you need the right horse - and this guy is the right horse," said Ricci.
"With both Max Dynamite and Thomas Hobson, the Melbourne Cup was probably an opportunistic and optimistic afterthought. With Vauban, it has been a plan.
"I spoke about wanting to target the Melbourne Cup when I was interviewed straight after the Triumph Hurdle but this was really the plan from the time we bought him. We've always thought he has so much talent that he might be the one."
Ricci added: "As well as having the right horse, you also need the right trainer, and when I say that I mean both Willie and David Casey, who has done such a brilliant job for us in Australia. On top of that, you need the right owner because you've got to have the stones to put up the money to come down here. When you put together all the different parts of the equation, the cost is about £150,000, which is the price of a horse. It's a massive punt. As well as all that, you need a bit of luck."
The multiple Cheltenham Festival-winning owner had luck very much on his side when he selected stall three in the barrier draw ceremony that took place after racing at Flemington on Saturday. Last year's winner Gold Trip and fellow leading fancy Soulcombe will start either side of Vauban in stalls two and four. Absurde will begin from box eight, with Caulfield Cup winner Without A Doubt handed a wide stall-16 berth.
"I feel the pressure and I don't want to let people down," said Ricci. "It's an honour and a pleasure to be part of this, and it's great to have the favourite, but I know I'll feel nervous come the race and I won't be watching Vauban. I did watch Max Dynamite's first Melbourne Cup with Ruby Walsh. During the course of the three and a half minutes he got through a whole packet of fags and a lot of swear words."