Basics for Recent College Grad?

Hi guys! Unfortunately, even at an Ivy League school you don't really get taught a lot of what is ACTUALLY going to help you in the real world (even for an Economics major). I've been reading a lot of about these Junior Miners to familiarize myself with the terminology and general process, but I was wondering if someone could please explain to me very generally the entire process they go through, the best ways to evaluate them, any other abbreviations or terminology that are used by those in the know that may be taken for granted, and any other helpful advice for a kid who is DYING to become a silverbug but besides good old Turd, doesn't have anyone else to show him the ropes? From what I read I understand these are inherently very risky propositions, but are also a great source or potential profit if you DYODD and are able to properly assess risk