[62ohm]

 

  So I've just finished converting my WAVs to FLACs, and 123GB of music turns into 77GB... That is about 60% capacity saved 

More like 38% saved...

 
lol my bad maths, I meant the total size became only 60% of what it used to be.

 

[koshtramba]

  I just tried using Foobar, the Convert command. Worked pretty well and I used LAME since I already use it for EAC when ripping cd's.

 
Thanks all.

Would have recommended Foobar as well. Ever since I started using it a couple of years back, and replaced my Winamp, it's been the preferred method of transcoding from one format to another. I like the uniformity and how I don't need any other app to do what I need. Minimalist to the core.
 
Great to hear you got the job done. Enjoy!