The term "yellow boy" refers to the yellowish precipitate formed due to acid mine drainage, which occurs when sulfide minerals in mines react with water and oxygen to produce acidic water. This acidic water dissolves iron, and upon oxidation and hydrolysis, ferrous hydroxide (Fe(OH)$_2$) precipitates out, giving the characteristic yellow color. Ferric hydroxide (Fe(OH)$_3$) is more reddish-brown, while ferrous sulfate and ferric sulfate remain in solution and do not form the yellow precipitate.
Thus, the correct answer is Ferrous hydroxide.