Over medium heat reduce the coconut milk stirring often until reduce to a 1/4 left. It`ll take about 30 minutes. It will separate. Remove 1 tablespoon of the oil and use as you wish. (body lotion, add to your coffee -- ).
Add chips to the coconut off heat and mix till melted.
Roll coconut mixture into 30 balls.
Dip balls into melted chocolate. You will have leftover dip.