After competing against stronger company in the early spring, Munhamek was given a break before resuming in The Supernova (1400m) at Pakenham on December 21 before running fifth, just under two lengths from Miraval Rose in the Listed Kensington Stakes (1400m) at Flemington on January 1.
Ryan said Munhamek had been on the 'tubby' side leading up to Pakenham.
"We were pushed a little bit for time and he only had one decent jump out going into Pakenham, so he was always going to improve off it," Ryan said.
"The fast run race didn't suit him with Buffalo River in it and he was chasing the whole way.
"Last start they went a bit slower, and he was able to get on the bridle and travel.
"He's much more suited on Saturday in the small field and up to the mile, it's really going to suit him." - Nick Ryan
Last autumn Munhamek contested the early Group 1 weight-for-age races as a lead-up to the All-Star Mile, but this time around Ryan has no set plans.
"Those weight-for-age horses were probably too bit sharp for over 1400 (metres)," Ryan said.
"We did think about going to New Zealand post the Supernova, but we reneged on that so that's why we're just a poking along at the moment.
"He's 103 (rated) at the moment, so he's up there, so we're just going to be as smart as we can and place as best we can.
"Maybe a race like the Blamey (1600 metres at Flemington in March) could be a race for him."