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Bushman has constructed a Lenz-demonstrator to show the effect, which levitates over a conductive surface at about 1 inch in height.
Bushman's hypothesis is that the 2nd generation Lenz-levitation device is actually pushing against the plane of the Earth, which eliminates the radius-squared decrease in power associated with point-source inductive repulsion.
In other words, the Gulf-Breeze UFO repels against the entire Earth instead of a small conductor, by using a high-frequency "skin effect" similar to the type proposed by Tesla for transmitting electricity through the Earth. This requires a high-current at high-frequency to create a field capable of lifting a craft, but could be achieved using conventional technologies if properly engineered!