But the part you will attach the repair-piece looks thicker than that, I was thinking of an M1.4 or M1.7 with a recessed head, just to be shure.
(1/8" is about 3mm,) But you will need some fine-mechanics tools like a file and a small drill-bit.
Make the replacement part so "large" that it covers the raised part within your yellow circle.
Just glue-ing the broken part back where it belongs..... if you have it, try Crazy-glue, but I doubt whether it will hold.
Peter