Alright, fixed. Sorry for the confusion guys.
Also, I do realize that targeting spells in your hand would be difficult to code, since there is no other card that does the same, so I propose that the next spell you play.
Though I wonder, if you can target spells from hand, it could be interesting if you used precognition on the opponent then use alchemy to duplicate a spell from their hand...
Cost is high because it will save you ALOT of trouble for decks that rely on one spell card whose element is different from the main part of the deck. Say you wanted to do a Devtosis, you could just remove the life pendulums and use alchemy instead. Of course it doesn't make much difference, but when you have a triple element deck you could prevent your deck from becoming cluttered with different pillars with Alchemy