Yes. You can even mount the disk directly from the CD if:
1) you don't want to write to it (obviously!).
2) The container is FAT or FAT32 and not NTFS.
> Is it possible to burn a 600 MB .pgd - file to a CD and reload the
> file to my HD whenever I want to use the files inside?
> Will I be able to mount the disk/file?