Have you got any Electret elements?
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Because that is what this thing is. The "felt" suspends the element within the space the backing plate, and the windscreen use.
You may have some radios in you pile that use Electrets' these can work in that design - you now have a template...see above...
Go here for Astatic wiring guides...
http://www.cbtricks.com/mic_manuals/astatic/index.htm
You'll need 3 resistors and the schematic to the amp on the base of that TUG 8...
Take a trip to a "JoAnn" fabric or Similar (Michaels) store - they have that felt as padding - don't ask - but if you have the handset with the element - then you can use the handsets "insert" that the Element mounts in, and sits in the cradle that would otherwise use a dynamic element.
Fit the thickness of that element and cradle insert to suspend (you can see they hot glued) then re-wire the mike to handle that dropping resistor (ohmic value you'll need to make a divider for but usually 4.7K X 2 and tie them together as series - one side to the mics power switch, other to the battery negative) - the tied point routes up the unused 3rd wire leg of the pole in the stand - to power the element - the red wire goes to Mic "Hot" downlead and the shield to the black wire - the TUG8 wiring then uses the rest of it.
That yellow shrink wrapped dropping Resistor? Usually is 4.7K to as high as 6.8K - this will change "tone" so try using a 5K pot in series with a 2.2K resistor to "idealize" the level and tone of amplification...2.2K so not to overrun and burn out the element from the internal 9V battery...set you radio to PA to try out the effects to hear how it would work. Once level is set - lock n load...