Ok, here we go. Follow the instructions and I'll try to make this as painless as possible. I just warn you this has not been the most succesful program for me. So your takin your chances. Let's get started...
Step 1 
Here's what you see when you start the program. Here's the step by step for you slow folks(= 
Open the program and insert cd. (duh)
Step 2 
Copy Disc 
Click this button to open CD Copy section.
Step 3 
Disc Copy Menu 
Match all your settings to those seen above. 
The changes from the defaults are as follows:
  • Change Device to your actual CD-Recording unit.
  • Reading Speed. Set both Data and Audio to x2.
  • Set Mode2 Transfer to Mixed(2336)
NOTE: Under track selection you see one space filled here. Some discs have many more filled. Either way the routine is the same. 
Click  Next> when ready.
Step 4 
 
It should already be set to Copy to Image File and Record.. 
Change the following:
  • Insert a path name for the Image File. Make sure it's at the root of the drive and not inside a file.
  • Example: YES (C:\track1.bin or E:\psgame1.bin) \ NO (C:\games\track1.bin or E:\psgames\track1.bin)
  • Chose your CD ROM Recorder. Should be the same one your reading from.
  • Under Reading Error Options choose Repair.
  • Under Recording Options you should choose 1x or 2x. You can go higher but I wouldn't recommend it.
  • Select Eject Disc at Completion
When your ready hit Finish
Step 5 
 
As soon as copy is completed the disc will eject. 
Insert a blank cd-r media and close the drive. 
I now suggest that you wait about 30 seconds for the drive to set up. 
Then click the prompt and it will begin recording. 
GOOD LUCK!