Yes he can. The new Ferrari is frighteningly quick, although circumstance has hidden this somewhat. Sure the tyres have been an issue, but that is causing Renault and McLaren bigger problems in the races. With the unlimited testing time Ferrari will have far and away the best package by the end of the season... they've already got that by the second half of races at Schumacher's electric pace yesterday and a few weeks ago has shown.
Considering Schumacher was lapped after losing his front wing to finish just 40 seconds behind Raikkonen sends out a clear message. If they can just sort the balance so the car can pass and bridgestone can find a tyre that can cope with one lap qualifying then expect Schumacher to be back in cruise control. Personally I'm just thankful the races now come thick and fast denying Ferrari time to test.