I've had a quick go with that mklink command and it seems to work from what I can tell!
I haven't got another disk in my computer to really test it, but I moved a game folder to my desktop and created a symbolic link using the mklink command and placed it where the original folder was. It seems you need the /d option if you are creating a symbolic link for a folder (you don't need to bother if you are doing for an individual file I believe). I didn't bother with the /j option so I'm not quite sure what the actual difference is.
So what I typed was:
mklink /d symboliclinkname locationofgamefolder
That then places the link in the folder you are currently in.
I haven't tested it for individual files or put the files on a seperate disk but I don't see why either of those reasons should make a difference. I shall do a bit more testing tomorrow, but it looks good!
Cheers ChileanLlama!