This cult movie is pretty bad, I could not even find it funny. This time director Rafael Portillo did not have a terrifying creature like the Aztec Mummy (whose trilogy he directed), but rather magnified lizards from sequences created for "One Million B. C." (1940) and Mexican hunk star Armando Silvestre, who was no longer 25 years old nor in top shape as in "La red", to lead the cast as Caveman Número 1.
The story is simple and silly: scientist Manolo Fábregas recruits his ex-students Alma Delia Fuentes, Elsa Cárdenas and Genaro Moreno to help him prove that he is not crazy, exploring an island in the Atlantic Ocean, which he believes was part of Atlantis, where prehistoric creatures still exist. Alma Delia meets Armando, who kidnaps her and takes her to his cave, while a volcano is about to erupt and giant lizards fight among themselves everywhere. The servviceable integration of live action with the pre-existing footage in some scenes is probably the best achievement of this production... which has to be seen to believe it has a happy and sexy ending in loincloths.
Good copies are available in the net.