I was actually planning to cycle to Meulipeuco and to the Llaima volcano. However, because of some technical problems and because of not getting as far in a day as thought, I decided to go to Villarrica instead.
After a heavy, long ride in very warm weather I reached the border of Lago Villarrica with the same named volcano and city:
So my next target is to get on top of this volcano which is probably going to be on Wednesday because the weather forecast for Tuesday is not that great. Afterwards, I probably will take the bus again to Puerto Montt because I have a lack of time for the rest of the journey otherwise.
All the best from Villarrica,
PS: If you want to see the volcano live, have a look at http://www.stromboli.org/livecam_most_active.php and scroll down till near the bottom.