Thanks for the heads-up broadway.
In my mind post-merge, after understanding what bothIntermin and Macphersons can bring to the table for Horizon (IRC+MRP), my estimate is that the merged entity is worth 25c ~ 30c. (MRP equivalent of 13.5c ~ 16.5c)
So both IRC and MRP are both undervalued at the moment, IRC more so than MRP.