2 cups raw shelled peanuts
1 1/2 cups powdered sugar
3/4 cup cocoa powder
1/4 + 1/8 tsp salt
4-5 T peanut oil
Roast peanuts at 400F for 8-10 minutes until lightly browned. Cool peanuts.
Whiz peanuts in the food processor until liquified. This took about 7-8 minutes in my food processor. Don't stop at paste, you want the oil to start to separate.
Add powdered sugar, salt, cocoa powder and 4 T of peanut oil. Process until well mixed. Add additional peanut oil to thin mixture, if necessary.
Transfer to a jar and store in the refrigerator. Makes about 2 1/2 cups.