We're inside the 125-day mark for the May 7 GI Kentucky Derby. The initial Top 12 rankings are largely based on 2-year-old form, but a speculative element is baked into the equation with an eye toward projecting how these still-developing contenders will blossom over the next four months. 1) PAPPACAP (c, Gun Runner--Pappascat, by Scat Daddy) O/B-Rustlewood Farm, Inc. (FL). T-Mark E. Casse. Lifetime Record: GSW & MGISP, 5-2-2-0, $576,000. Last Start: 2nd GI TVG Breeders' Cup Juvenile presented by TAA. Next Start: GIII Lecomte S., FG, Jan. 22. KY...