Demon's Souls not booting

I followed the quick setup guide but I can't get this game to boot, the log is just spitting out the following over and over:

Code:

E {PPU[0x100000a] Thread (Core.Res.FileLoader) [0x016baa40]} 'cellFsOpen' failed with 0x8001003a : CELL_ENOTMOUNTED
E {PPU[0x100000a] Thread (Core.Res.FileLoader) [0x016baa40]} sys_fs:
sys_fs_open(“/dev_hdd1/cache//06/507127fe0f5886e33cefaab9aad3217a”): failed to open file (flags=0, mode=0)
E {PPU[0x100000a] Thread (Core.Res.FileLoader) [0x016baa40]} 'cellFsOpen' failed with 0x80010006 : CELL_ENOENT
E {PPU[0x100000a] Thread (Core.Res.FileLoader) [0x016baa40]} sys_fs:
sys_fs_open(“/dev_bdvd/PS3_GAME/USRDIR/shader/ds_menu.shaderbnd.dcx”) failed: device not mounted

I've installed the pkg file and placed the corresponding rap file in the "RPCS3\dev_hdd0\home\00000001\exdata" directory.

And I've tried booting the game from a rip (i.e. a folder containing "PS3_GAME" and "PS3_UPDATE" folders)

I'm using interpreter (fast) for SPU and PPU decoder, selected the 4 libraries according to the guide, and selected "load required libraries".

Specs are: i5 3570K 4GHz, GTX970, 8GB 1866MHz RAM, Windows 10 x64, RPCS3 v0.02-3-cdc49d1

I'm using "Demon's Souls - BLES00932" which is the European version and should work according to the official site. But, I'm just getting a black screen. Anyone know how to fix this?