Hello Robin,
The "O" ring should be about 6mm diameter. Now it will be difficult to describe the assembly , but I shall try;
Push the nose of the shuttle into the spring. The cross at the bottom of the shuttle will prevent the spring from falling off.
The spring and shuttle are pushed into the plastic housing from the hose end (not the threaded end) and using a the blunt end of a pencil continue to push the shuttle through the housing until the nose of the shuttle emerges through the seat of the threaded end.
Keeping the pressure on the shuttle, slip the O ring over the nose so it lodges in the grove on the nose.
Once in the O ring is in place, you should be able to remove the pencil, and the spring will try to pull the shuttle back through the housing, but the O ring will seal and hold the shuttle.
Try blowing through the valve from the hose end, with enough force the valve will open, and reseal when the pressure is removed. Try sucking, to se if the valve is sealed.
If all is well, then the housing can be refitted to the casting. Use some cooking oil to lubricate the threads, be careful not to over tighten the fitting.
If the fitting has cracked, or the threads wont screw in, you need to replace the whole fitting