Not even in my wildest dreams I pictures cadel taking 12 mins out of wiggo in the ITT specially when in the same distance in a hilly terrain that was best suited for cadel, wiggo took almost 2 mins outta cadel
The answer to the OP's question is ... Yes, he is too far back
IMO the only way for him to win is that the 4 1st positions in the GC had 4 or 5 puctures during the ITT