In a medium sauce pot, whisk all ingredients together over medium heat
Bring to a boil and then let simmer for 30 minutes, stirring often
Take off heat and cool product in ice bath, condensed milk will thicken some as it cools
Serving suggestion: Add 2-3 T of Sweetened condensed coconut milk to an 8 oz coffee, mix well and pour over ice and enjoy! Increase condensed milk to desired sweetness level. This can be served hot as well, just omit the pour over ice step.