2 cups raw peanuts
1/2 cup water
1 cup sugar
Salt 

Heat oven to 300 F. Combine peanuts, water and sugar in a saucepan. Bring to a boil, stirring constantly. Cook on medium heat until peanuts are well-coated with sugar. Spread peanuts on a lightly buttered baking pan and sprinkle lightly with salt. Bake until peanuts are dry and crunchy, stirring occasionally.