I upgraded my Chalice of Ambrosia to level 3 and it is supposed to give +50 Magic over 5/s and restore 12 health.
I get the health, but I am not getting the 50 magic. 2 spheres of magic come out and then it stops. Am I missing something or is this just not working right?
Raptix546 is correct in that the item does not provide Magic at Level III, regardless of the time passed — for me at least.
I never used it at level II or I, so I can't say if this was an issue at those levels.