Yes.
UNC names identify network resources using a specific notation. UNC names consist of three parts - a server name, a share name, and an optional file path. These three elements are combined using backslashes as follows:
\\server\share\file_path
When you mount a "mapped drive" with FolderGrid WinMount, it is assigned a UNC. By default the UNC path to your drive will be begin with \\FolderGrid\