<?xml version="1.0" encoding="us-ascii"?>
<informationTable xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">
    <infoTable>
        <nameOfIssuer>ACADIAN ASSET MANAGEMENT INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>10948W103</cusip>
        <value>372916461</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7743282</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>7743282</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AGNICO EAGLE MINES LTD</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>008474108</cusip>
        <value>132077042</value>
        <shrsOrPrnAmt>
            <sshPrnamt>783561</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>783561</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BAUSCH HEALTH COS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>071734107</cusip>
        <value>456375355</value>
        <shrsOrPrnAmt>
            <sshPrnamt>70755869</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>70755869</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HONEYWELL INTL INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>438516106</cusip>
        <value>42100000</value>
        <shrsOrPrnAmt>
            <sshPrnamt>200000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>200000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INTERNATIONAL TOWER HILL MIN</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>46050R102</cusip>
        <value>115192596</value>
        <shrsOrPrnAmt>
            <sshPrnamt>70239388</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>70239388</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MADRIGAL PHARMACEUTICALS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>558868105</cusip>
        <value>874904499</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1907523</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>1907523</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NOVAGOLD RES INC</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>66987E206</cusip>
        <value>239694937</value>
        <shrsOrPrnAmt>
            <sshPrnamt>27238061</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>27238061</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PERPETUA RESOURCES CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>714266103</cusip>
        <value>654385859</value>
        <shrsOrPrnAmt>
            <sshPrnamt>32347299</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>32347299</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>THRYV HLDGS INC</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>886029206</cusip>
        <value>51616800</value>
        <shrsOrPrnAmt>
            <sshPrnamt>4280000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>4280000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TRILOGY METALS INC NEW</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>89621C105</cusip>
        <value>30086692</value>
        <shrsOrPrnAmt>
            <sshPrnamt>14326996</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>14326996</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
</informationTable>
